China's $3 Trillion Bond Market Softened by Stimulus

The transcript discusses the unraveling of the debt market, focusing on China's economic slowdown and market repositioning. It highlights the impact of exogenous shocks on emerging markets like Malaysia and Abu Dhabi, emphasizing the fragility of the market and reliance on stimulus. The discussion also covers the risks to financial stability in China and Malaysia due to large credit growth and the potential for rising defaults.

What implications does the speaker suggest regarding potential defaults in China and Malaysia?

In what ways does the speaker suggest that the market is fragile?