I hate to admit my finanacial ignorance, but could you translate this?
Not necessarily a translation, but further discussion here:
http://www.tickerforum.org/cgi-ticker/akcs-www?post=95986
The party really is over. The Chinese are going to quit subsidizing us by buying our bonds. We're on our own and there's nothing left in the kitty. Now comes the national garage sale as the dollar collapses and the Asians buy up our resources on the super-cheap.
The bond market has a lingo all its own.
Basic executive translation: things are not going as planned for the US trying to auction off a whole lot of debt at cheap interest rates.