Treasury Iceberg

I know I've been raving on about the bubble in US treasuries (add UK Gilts to the mix). Once Bernanke and his merry men break the printing presses, expect a severe shift upwards in yield. Although I wouldn't quite go as far as the Mad Trader just yet, all the signals are pointing to a government rapidly running out of options and ammunition. Hard to tell when this will snap, but I'd run a mile from government bonds.