Emerging markets experienced their biggest inflow of dollars in nearly two years, after a year of steady outflows. Finally, we saw a drop in U.S. real rates, with the five-year real yields back below zero. This is good for the dollar carry trade, which is good for both emerging markets and commodities as this is reflationary. None of this is an accident.
Emerging markets experienced their biggest inflow of dollars in nearly two years, after a year of steady outflows. Finally, we saw a drop in U.S. real rates, with the five-year real yields back below zero. This is good for the dollar carry trade, which is good for both emerging markets and commodities as this is reflationary. None of this is an accident.
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