Yields of government bonds in each country

Government bond yields of various countries are rising sharply. In particular, Australia and New Zealand are notable.

Kiwi and others are likely to see carry trades increase.
There is also a view that the currencies that are difficult to short will be shorted, but beware that if you fail, carry losses can be large. Logically, Aussie and Kiwi would be buys.

The relationship between AUD/USD and the interest rate differential between Australia and the United States, and the NZD and the interest rate differential between New Zealand and the United States, is as follows.