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AI-driven surge in bond yields could be next risk for markets and growthReuters · Aug 14, 2026The VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the J.P. Morgan GBI-EM Global Core Index (GBIEMCOR), which is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer.