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Economy

Asia fears another 'taper tantrum' as US rates climb

Investors already leery of emerging-market companies' dollar bonds

BANGKOK -- Rising U.S. interest rates threaten to spark upheaval in Southeast Asian financial markets if investors pull out of the fast-growing region, cutting off fuel to a critical engine of global economic development.

On April 24, yields on 10-year U.S. Treasurys hit 3% for the first time since the beginning of 2014. 

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