ADB Sounds Alarm on U.S. Yield Jump as Asia Debt Rises

https://www.bloomberg.com/news/articles/2021-03-24/adb-sounds-alarm-on-u-s-yield-jump-as-asia-debt-rises
The Asian Development Bank warned that rising U.S. yields could trigger currency and debt crises across Asia like past shocks that rocked emerging markets.Developing Asia has loaded up on dollar-denominated debt to pay for the fight against Covid-19. That’s r…