Ten Year Bond Action

| About: iShares 7-10 (IEF)
I thought I would throw the 10 year bond up (click to enlarge):

This is very strange price action.

Why is the 10 year selling off as the market reverses downward?

We should be seeing the exact opposite. This isn't a huge move but it's disturbing to say the least. Treasuries are supposed to be the safest of all safe havens. You would expect them to rise after seeing a nasty triple digit reversal like we did yesterday.

I guess when the government that backs them is bankrupt they all of the sudden don't look so safe anymore.