Not exactly what you want to see if you're Tim Geithner--a drop in long-Treasury buys by foreigners.For that matter, T-Bills aren't exactly being vacuumed off the shelves, either.
MarketTicker warned about this:
Bernanke bluffed and the bond market called it. He cannot monetize several trillion in new issue plus the entirety of the 10 and 30 year bonds out there to stop a bond market sell-off. In addition, the market no longer believes him, as evidenced by today's price action. A serious bond-market sell-off will ramp the cost of all credit, including mortgages and commercial loans.
And that was in January of '08.
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