China Dumps US bonds? Part 2

Further to the article I wrote earlier today:  "Did China Dump US Bonds? ...and does it really matter?",I am posting a couple of follow up comments and links.

So, the spin doctors are of course stating that CNN got hacked- their Twitter and Facebook accounts- which begs the question: how did the hackers of Twitter and Facebook manage to post an article on CNN?   Really?  REALLY?!  And of course since the whole was just a joke/hack and nothing really happened.... then of course, nothing happened in response to the alleged Hack, Right?


http://www.marketwatch.com/story/short-term-treasury-yields-jump-on-debt-ceiling-2014-01-24

Short-term Treasury yields jump on debt ceiling

NEW YORK (MarketWatch) -- Short-term Treasury bill yields jumped Friday, signaling early jitters about a looming congressional debate over raising the debt ceiling. Treasury Secretary Jacob Lew has urged lawmakers to raise the borrowing limit as soon as possible. He said in a Jan. 22 letter to congressional leaders that so-called extraordinary measures to keep the government from hitting the debt ceiling would be exhausted by the end of February. An inability to borrow could delay payments on short-term debt, an issue that caused T-bill yields to spike, and prices to fall, during the last debt-ceiling debate in October, which was eventually resolved. One-month T-bills 1_MONTH +206.67% maturing just after the U.S. hits the debt limit, on Mar. 6, rose to nearly 9 basis points. T-bills maturing in mid-February and early April traded at a yield closer to 4 basis points.

Meanwhile, The US Public Is Distracted By This...

Submitted by Tyler Durden on 01/24/2014 11:03 -0500


With emerging market currencies collapsing, US equity hopes fading, bond yields tumbling, and 1.4 million people having fallen off the government transfer receipts bandwagon this week; what better way to distract the US public from that awkward reality that it's all fake...



Well... and of course this.

h/t @RudyHavenstein

http://www.zerohedge.com/news/2014-01-24/meanwhile-us-public-distracted

Nothing happened at all!   Nothing to see here!  Nothing!!!