That is what I expect too. China will sooner or later get rid of...

That is what I expect too. China will sooner or later get rid of its huge US Dollar piggy bank, diversify into other currencies, stakes in foreign key industries or simply spend parts of this money for stimulus plans. On the other hand they will act very carefully in order to keep their own currency low.

Megatron, yes there is a chance of short sell bonds. There are some american listed EFT available shorting T-Bonds (TBT and PST).