us treasuries: biggest weekly loss since 1987, page-10

SP

Movement is out of Long Treasuries and favouring the Short by largely Central Banks and Private buyers.

This means amongst other things that skepticism is creeping in and that the US deficit is largely being financed by short term inflows for now and making it vulnerable to a quick exit into other areas (yes Gold) by these holders.

It will be interesting to see what will spark an exit........will it be one or several factors? For sure if (or when) the skepticism grows into a complete lack of confidence (even short term) watch out!