How to render italic/bold text using handlebars?

So here is the thing, I am using Handlebars to render the template on the page.

Now in the context js object, I have a paragraph, which should have few italic words,

For e.g:

var context = {
 "event":"This is event name <i>XYZ</i>" 
}

And the paragraph is rendered as,

 This is event name <i>XYZ</i>

Is there any way I can make/escape the font italic/bold in Handlebarsjs/Mustachejs ??

Here is the fiddle

Thanks!