MARKETS For all the talk of gold bugs as the metal surged above $1,100 an ounce this week, there were still plenty of people happy to own dollars in the form of US Treasury debt.
With the US Treasury on call to fund budget deficits in the region of $1,500bn for the 2010 financial year, there has been a concern that the slow burning fuse of record Treasury debt sales would at some stage ignite sharply higher bond yields.
