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This is a NO BRAINER folks....Panic has ensued and people have moved into T Bills for safety and when that panic subsides interest rates will climb back to more normal levels...DUH!!!!

I will say it again, The Chinese and other furiners have the veto power over US spending. All they have to do is refuse to buy our debt. It might very well be redux of the late 70's and early 80's with 16% interest rates. That would spell the death knell for ANY economic recovery. THAT WILL STOP THE US GOVT FROM SPENDING.

The rational for the USD climbing in value and the Treasury interest rates sinking even into negative return territiory is that those furiners are more afraid of their own currency and economys than that of the good ole USA...

So is this an interest rate bubble in light of the financial meltdown or was this a rational move as the financial system DID collapse? You take your choich. Interest rates will climb from here as money will flow into other investment classes once the fear and panic subsides...that will happen once people get a clear idea of which way things are moving.

I gues the end of the world didin't happen after all...at least not yet.