China is dumping U.S. debt - Should You Worry?

``China's sales could make Treasury yields higher than they would normally be. That's of concern because Treasury rates are used as a benchmark that set the cost of borrowing for items like credit cards and mortgages. While it's "not the end of the world," SkyBridge Capital senior portfolio manager Troy Gayeski said higher yields could lead to a "slowdown in the housing recovery." What's key is how much cash China ultimately needs to raise to defend its currency and stock market. No one, not even China, knows that figure.''