After seeing a tentative rebound, China’s offshore credit market is again signaling concern as China Evergrande Group’s debt crisis escalates. Signs the firm is inching closer to a restructuring helped send China dollar junk bond yields to 22% as of Friday, according to a Bloomberg index. Those notes, which are dominated by builders, fell 2.9 cents on the dollar last week, the biggest drop in a month. Prohibitively high borrowing costs mean many developers will struggle to refinance offshore debt, although high yield notes recovered some ground Monday amid bets China’s central bank will soon ease monetary policy.