Bund-BTP spread to go back to 150 bps, say UBS

BUND BTP SPREAD TO GO BACK TO 150 BPS, SAY UBSItalian debt has been one of the big winners of the last couple of years, but has taken a pounding this week, collateral damage in the selloff in government bonds, notably in France, that has driven investors seeking safe havens.UBS reckon there is more…