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Why European bonds could be surprisingly appealing for your portfolio

Which are more volatile, U.S. Treasuries or Spanish government bonds? According to UBS strategist Ramin Nakisa, the surprising answer is U.S. bonds.

He argues that this is more than just an interesting piece of trivia. To his eye, peripheral European debt – most notably Spanish and Italian bonds – are very attractive investments today, with the euro zone’s sovereign-debt crisis gone quiet and attention now focused on the U.S. Federal Reserve’s goal of tapering its monthly bond purchases.