us treasuries: biggest weekly loss since 1987

U.S. Treasury 30-Year Bonds Post Biggest Weekly Loss Since 1987

By Dakin Campbell

Jan. 23 (Bloomberg) -- Treasuries fell, with 30-year bonds posting the biggest weekly loss in almost 22 years, on concern that debt sales will increase as the government boosts spending to ease the deepening economic slump.

Ten-year yields touched a six-week high amid speculation President Barack Obama’s administration will join governments around the world in selling record amounts of bonds to rescue banking systems and battle a global recession. Goldman Sachs Group Inc. yesterday raised its 2009 Treasury borrowing estimate to $2.5 trillion.

Full article at

http://www.bloomberg.com/apps/news?pid=20601087&sid=ath9NGzTQ0us&refer=home

My comment:
The bond bubble looks to be breaking. If so then all the paper bugs are in big trouble.