Background:

Carry Trade Article: https://search-proquest-com.libproxy.temple.edu/abicomplete/docview/2447387017/B659FCCAEA0D41F4PQ/

It mentions that Ashmore group attempted to conduct a carry trade in 3 countries: Mexico, Indonesia, and Brazil. You will check to see whether or not they made any money.

Question:

Question 1 Part 1. Find bond data from September 2020 with maturities of less than 6 months from the U.S, Mexico, Indonesia, and Brazil. Make sure that all of the bonds have roughly the same maturity date. Assume that Ashmore can borrow at the rate on U.S. bonds (this will likely overestimate their profits) and that they are buying these bonds with their foreign currency.

Question 1 Part 2. Find exchange rate data from, roughly, the same date as your bond data for each of the other three currencies against the US dollar. Also find the exchange rates as of the date of the maturity of those bonds. Since this is just an estimate you can be very approximate with the dates you are using.