Deepening worries over Evergrande have ignited selling in a $428bn corner of the Asian debt market, underscoring how the crisis at the Chinese property developer is spreading to other assets as traders and investors brace for a crucial payment deadline on Thursday.
Yields on US dollar-denominated bonds issued by riskier Asian borrowers have soared to almost 12 per cent this week, the highest level since a jump during the early stages of the coronavirus pandemic, according to an Ice Data Services index.
The jolt from 7 per cent at the start of the year came as traders fretted over the potential fallout if Evergrande begins missing payments on the billions of dollars of debt it has outstanding on international markets.
您已閱讀12%（724字），剩餘88%（5449字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。