Last year sovereign bond yields in Europe's core countries hit multi-century lows. But will they stay low or will the periphery's rot start to infect the core in 2013? Justin Knight, head of European interest rate strategy at UBS, discusses the eurozone bond outlook with capital markets correspondent Robin Wigglesworth and analyses the impact of new bonds with collective action clauses, or CACs.
Produced by Darryl Thomson. Filmed by Rod Fitzgerald.