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Aggregate Bond ETF (AGG) and Emerging Markets Bond ETF (EMB) have declined rather sharply of late. The declines has taken each of them down to multi-year support lines at (1) in the charts above. 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!