YEN Carry Trade
Dear All,
I have been reading on bloomberg, "Investors exited the so-called carry trade as they cut their appetite for riskier assets in emerging markets and moved into U.S. government debt", why would that cause people to unwind carry trades when they move into U.S. Government Bonds?, surley people would find it more convenient to stick with borrowing YEN and Buying into Government Bonds....
Unravelling my curiosity would be much appreciated ..
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