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JPMorgan Chase: 75% of global carry trades have been position squaring, G-10 carry trades are coming soon

On August 8, JPMorgan Chase said that three-quarters of the world's carry trades have been positioned squaring, and the recent decline has erased this year's gains. Quantitative strategists Antonin Delair, Meera Chandan and Kunj Padh said in a letter to clients that returns on the G-10, emerging markets and global carry trade baskets tracked by the bank have fallen by about 10% since May. The decline erased year-to-date returns and slashed the cumulative gains since late 2022.

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2024-08-08 03:02:39
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