No Picnic for U.S. & Emerging Market Bonds If This Happens!
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Aggregate Bond ETF (AGG) and Emerging Markets Bond ETF (EMB) have declined rather sharply of late. The declines have taken each of them down to multi-year support lines at (1) in the charts below. This 2-pack reflects that interest rates all over the world are rising and causing bond prices to decline.
It would be "NO PICNIC" for long bond holders if these support lines would break, because the next key support is well below current levels!
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