Treasury Rout Threatens EM Carry Trade as Citi Pulls Back

The surge that sent US Treasury yields to the highest in decades is threatening carry trades that had become the go-to strategy for emerging-market investors this year.

By Vinícius Andrade and Nicolle Yapur · Bloomberg Markets

The surge that sent US Treasury yields to the highest in decades is threatening carry trades that had become the go-to strategy for emerging-market investors this year.