There is no shortage of dollars, but there are a lot of borrowers who are short dollars.
These are the types of funds that may be hit hard by the squeeze: iShares J.P. Morgan USD Emerging Markets Bond (EMB) and iShares Emerging Markets Corporate Bond (CEMB). Second chart of EMB is price only, unadjusted for dividends.
Blurred [sovereign debt restructuring] lines
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Would an official sector creditor by any other name be treated as sweetly?
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