2  BIS Review 101/2007  Graph 1  Graph 2  Asian sovereign debt spreads to US Treasuries have risen over recent weeks, though by less than the spreads on low-rated American corporate debt. Indeed, the absolute level of sovereign bond yields in Asia has changed little.
BIS Review 101/2007  3  Graph 3  The sharp increases in short-term money market rates in developed countries do not seem, as yet, to have been a widespread feature of emerging Asian markets. There are a couple of reasons for this.