China Said to Approve Credit Default Swaps

With corporate bond defaults in China rising, China is said to have approved the trading of credit default swaps for the very first time. Bloomberg's Stephen Engle reports on "Trending Business." (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/15)
38:30 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Ed Morse, global head of commodities research at Citigroup, NYU Stern School of Business Professor Scott Galloway, and Markus Rodlauer, deputy director of the Asia-Pacific department at the IMF. (Source: Bloomberg)
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