Unreported Bedlam In Treasuries Signals Massive Panic

``Massive tidal waves of panic capital flight have been overwhelming the Treasury market in never before seen numbers. The indirect bid tendered on the 4 week bill last week was a mind blowing $61.8 billion, or 5 to 10 times the norm! Even more startling, Primary Dealers (PDs) bid $268 billion on that issue... Notably, the panic buying was limited to the 4 week bill. The indirect bid was weak on the 13 and 26 week bills. This is short term cash looking for a safe place to park, not long term investable funds. ''