Europe versus US: Which bond markets offer the best opportunity?

Given the threat of imminent rate rises, it might seem to be safer to invest in European bonds than US bonds.

The US Federal Open Market Committee (FOMC) September meeting was supposed to be the first time in almost a decade the US raised rates - except it did not happen.   International concerns, solid but not strong domestic growth and employment numbers left the FOMC unconvinced. Speculation has shifted to the next FOMC meetings, in particular to December. Given the threat of imminent rate rises, it might seem to be safer to invest in European bonds than US bonds. Quantitative easing should support eurozone fixed income markets, but this has not necessarily proved to be the case. For ex...