Sovereign funds no longer buying US Treasuries

http://www.bloomberg.com/apps/news?pid=email_en&sid=avsB.BdWGdIE

“Foreign central banks stopped buying Treasuries in January,” said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York. “If this were to continue, if China were to stop recycling its dollars into U.S. Treasuries, it could have dire implications for Main Street America in that mortgage rates could move higher.”