Markets Daily Facebook Linked In Gift Expand Photographer: [PERSON_NAME]/Bloomberg Facebook Linked In Gift Gift this article Contact us: Provide news feedback or report an error Confidential tip? Send a tip to our reporters Site feedback: Take our Survey New Window Facebook Linked In Gift August 24, 2026 at 10:20 AM UTCBookmark Save Lock This article is for subscribers only. Scott Bessent’s attempts to drive down [ADDRESS] bond yields are giving investors another reason to plow more money into carry trades. It’s a popular but often risky strategy in which investors borrow cheaply in currencies like the [ADDRESS] dollar, Japanese yen or euro, and put the money to work in higher-yielding currencies like the Turkish lira, where interest payments on bonds or money-market funds can be as much as 40% or higher.

The thinking is that the more the Treasury tries to lower yields, the more the dollar will weaken. The emerging-market carry trade has returned about 22% since the end of 2024. “It’s a carry world,” says [PERSON_NAME] of PGIM. “There’s a ton of money looking for yield.”Elsewhere in markets, [ADDRESS] government intervention is still the hot topic. Here’s a round-up of the latest: Home BTV+Market Data Opinion Audio Originals Magazine Events News Markets Economics Technology Politics Green Crypto AIWork & Life Wealth Pursuits Businessweek City Lab Sports Equality Management & Work Market Data Stocks Commodities Rates & Bonds Currencies Futures Sectors Economic Calendar Explore Terms of Service Manage Cookies Trademarks Privacy Policy Careers Advertise Help©2026 Bloomberg L. P.

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