Which currencies and bonds have been punished unfairly in 2018?

The moves have been very specific and more reminiscent of dominoes falling than a systematic crisis, when everything is under stress. This has been most evident in emerging markets, where some countries - such as Romania - have been quite stable, while others have deteriorated rapidly.  It began with Argentina, then moved to Turkey, Brazil and Indonesia - and, more recently, Russia and South Africa. Those coming under scrutiny have often been countries with either political uncertainty or a current account deficit that markets are worried could become more difficult to finance with US in...