An unexpectedly sharp increase in underlying U. s. Treasury yields would likely trigger a widening of credit spreads on emerging market bonds.

构成美国国库债券基础的潜在收益出现任何一次始料不及的大幅增长，都可能会引发新兴市场债券信贷差幅扩大的局面。

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Prices of corporate and emerging market bonds are quoted as spreads (interest differential) over relevant yield curve benchmarks in inter bank dealings.

在银行与机构投资者的交易盘市场，公司发行的债券和新兴市场债券(emerging market bonds)的报价是基于相关收益率曲线基准的利差(spreads/interest differential)。

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Emerging market bonds have had their best start to the year on record as new issuance has surged and interest rate premiums over US Treasuries have narrowed to their lowest since 2008.

新兴市场债券创下了有记录以来最好的一个开年：新发行债券的数量猛增，对美国国债的利率溢价已收窄至2008年以来的最低点。

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Global and emerging market bonds which were considered reliable until recently have also come under fire.

FORBES: Don't Abandon These Asset Classes

That means that if Treasury bonds yield 3%, average emerging market bonds will yield 6.05%.

FORBES: Oppenheimer's Main Street Case for Emerging Market Bonds

In 2008, when the credit crisis hit and emerging market currencies weakened against the dollar, emerging market bonds suffered.

FORBES: Oppenheimer's Main Street Case for Emerging Market Bonds