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Treasury selloff continues. As equities are poised to hit ridiculously high fwd P/E ratios, someone is making sure that Bernanke and Bill Gross hit the Prozac handout line. Hold on, wasn't the Fed buying treasuries? What about the world's biggest bond fund? Based on this chart (click to enlarge), seems like sellers are outnumbering buyers by just a tad...

At this rate, I can't wait to see 30 year mortgages below comparable treasuries in about a week.

Source: Will PIMCO Be Needing a Bailout Soon?