I wouldn't be concerned only about treasuries but bonds as a whole. That includes AAA corporate bonds, the whole lot. When Bolivian government bonds are 9 times over subscribed, be very afraid.
Some people really are at the mercy of their ego.
Nice to see a positive article for a change. I'm in total agreement. Despite the structural issues the US has, the economy is in the best position to lead the globe out of this low growth scenario we are currently experiencing. A return to growth in real estate values would certainly help.