Fed have caused the short-term dollar funding to rise dramatically. Back to levels not seen since 2008.
https://www.zerohedge.com/news/2018-10-30/emerging-markets-face-new-problem-trillions-bonds-mature-and-soon
https://www.zerohedge.com/news/2018-10-30/emerging-markets-face-new-problem-trillions-bonds-mature-and-soon