The Steady Descent of Emerging Market Bonds

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In sharp contrast to the likes of, say, small cap equities, one financial instrument which has been reliably sliding, week after week, month after month, continues to be the emerging markets bond fund. I have managed to lay out five successive horizontal lines indicating its diminishing levels of price resistance (typically based on a gap down).

slopechart EMB

A longer look reveals how this is far from over.

slopechart EMB