Spanish Elections Complicate UBS Recommended Bond TradeMark Melin
A UBS report on investing in Spanish government debt, issued September 25, may need to revise its thesis. After under-performing the market due to political concerns, the report said it might be time for institutional investors to consider Spanish government debt offerings – particularly on a relative value basis with German and Italian government debt. However, the investment thesis was based on a somewhat ambiguous political result.
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