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

    18 days ago - By Chron

    REUTERS/Dominic Ebenbichler
    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...
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