Dollar-funded carry trades in emerging markets have now posted positive returns for seven straight quarters, according to Bloomberg, marking the longest such winning run since 2008. By Bloomberg’s basket of eight emerging-market currencies, the trade has returned about 22% since the end of 2024, far ahead of the 5.9% return for U.S. Treasuries over the same period, as well as 14% for emerging-market sovereign dollar bonds and 10% for emerging-market corporate debt. Investors have been drawn by the gap between low-cost funding currencies such as the U.S. dollar, yen and euro and high-yielding currencies including the Turkish lira, where interest returns can top 40%. The report said returns have been helped not only by rate differentials but also by foreign-exchange moves. Over the past 12 months, dollar-funded carry trades returned 48% in the Colombian peso, 23% in the Turkish lira, 21% in the Brazilian real, 19% in the Mexican peso and 18% in the South African rand. Market participants are now focused on three main issues: when the Federal Reserve may move, whether the trade is becoming crowded, and how long high rates in parts of Latin America and Eastern Europe can last.

U.S. stocks fell for a third straight session Tuesday as higher long-term bond yields put fresh pressure on richly valued technology names. The Nasdaq Composite dropped 1.33%, underperforming the Dow Jones Industrial Average and the S&P 500, while the 30-year U.S. Treasury yield briefly touched 5.338%, its highest level since 2007. The move was part of a wider global bond sell-off that also pushed long-dated yields higher in France, Germany, Japan and the U.K. Markets are increasingly focused on the growing debt burden tied to artificial intelligence expansion. According to figures cited in the report, AI-related bond issuance has reached $489 billion so far this year, well above an earlier full-year 2025 estimate of roughly $322 billion, while The Wall Street Journal reported that nine major technology companies have about $3 trillion in off-balance-sheet AI commitments. That backdrop hit semiconductors, memory, optical communications and AI cloud-service providers especially hard. Investors are also weighing fiscal deficits, oil-driven inflation risks tied to the Iran situation, and a heavy event calendar that includes U.S. tariffs on some Canadian products, a 20-year Treasury auction, Federal Reserve minutes and China’s one-year LPR decision.

A U.S. federal court sentenced Ramil Palafox, CEO of Praetorian Group, to 20 years for a Bitcoin Ponzi scheme that defrauded over 90,000 investors of $200 million, with funds splurged on luxury cars, designer goods, and real estate.

Ramil Ventura Palafox, CEO of Praetorian Group International, was sentenced to 20 years for a global Bitcoin Ponzi scheme defrauding over 90,000 investors of more than $201 million, with actual losses of $62.6 million.

A U.S. court sentenced PGI founder Ramil Ventura Palafox to 20 years in prison for operating a global bitcoin Ponzi scheme that defrauded more than 90,000 investors of over $201 million.

Ramil Ventura Palafox, CEO of Praetorian Group International, received a 20-year prison sentence for orchestrating a global Bitcoin Ponzi scheme that defrauded over 90,000 investors of more than $201 million.

Ramil Ventura Palafox, founder of Praetorian Group International, was sentenced to 20 years in prison for operating a global Bitcoin Ponzi scheme that defrauded over 90,000 investors of more than $201 million.

Gold advocate Peter Schiff warns the US economy is far more fragile than markets reflect, with inflation heading higher. He predicts gold at $20,000 per ounce within a decade and criticizes Michael Saylor's STRC preferred stock as a 'pure Ponzi scheme,' cautioning retirees about principal loss.