BBVA Global Markets Quantitative Investment Strategies & Index Solutions
Podcast | 12 December 2025
QIS Corner | N.1- Carry strategy: Why, when and how?
While some forms of carry face structural headwinds, FX carry stands out thanks to wide rate differentials and persistent inefficiencies. Yet carry is not risk-free: stress periods can trigger sharp drawdowns, making disciplined risk management essential. Done well, carry can provide resilient, uncorrelated returns in a shifting macro landscape.
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