• Now's the time to buy Italian bonds, says this $2.4 trillion wealth manager

    7 monthes ago - By Business Insider

    UBS Wealth Management says that the recent Italian budget presents a buying opportunity for investors.
    Fears of what the crisis could lead to have led to surging Italian bond yields and falling prices.
    CIO Mark Haefele said on Wednesday that the firm is investing in short term Italian government debt.
    UBS, however, warned to stay away from any Italian debt with a maturity of more than two years.
    Amid the market panic surrounding Italy over the last week, the chief investment officer of UBS Wealth Management says now's the time to buy.
    It's a contrarian call: "We are opening an overweight...
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  • Investors fear ‘doom loop' as Italian bond sell-off deepens

    Investors fear ‘doom loop' as Italian bond sell-off deepens

    7 monthes ago - By eFinancial News

    Italian banks have loaded up on the country's bonds, but the recent fall has eroded the sector's capital cushion
    Read more ...