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So let's get through the market shall we and cross straight over to Karl Weinberg

high-frequency economics founder as we break through that breaking news here at Bloomberg

following what could be a significant shift in China's

purchases of treasuries. Carl you've heard the news walk me through what you think

is the significance the message that comes from these Chinese officials.

Well I good morning.

I think that we need to know a lot more about what's actually going on.

The notion that the Chinese would actually sell treasuries seems to me to be extremely implausible,

you know, to sell treasuries, have to buy something else and that would involve

currency transaction and I don't think they're prepared to be seen as intervening in the

currency markets.

If they're just going to be buying less of them, well they

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