EM Bonds and Currencies not shining anymore

With global interest rates rising, or poised to rise, emerging-market debt and currencies have been selling off for several days. Their best levels for the year, and perphaps for years to come, have been seen. In the short-term, US/Euro Treasury will play the safe-heaven role but will last for a couple days only. Sell on this rally is the way to go. Also, carry trades will be unwound massively, Yen and Swiss France will spike up soon.