Credit Brief: Blocking Distressed Investors; Buying in China

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• Distressed debt investors looking to snatch up troubled loans are often finding their path is barred;
• For buyers of high-grade US corporate bonds now, it’s not about spreads, it’s about yields;
• Offshore money managers have been bailing from China’s onshore credit market for more than a year, but at least one foreign fund manager says it’s time to buy.

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To contact the reporters on this story:
Caleb Mutua in New York at dmutua@bloomberg.net;
Dan Wilchins in New York ...