ML-Implode News - Global central banks dump U.S. debt at record pace

In the first six months of this year, foreign central banks sold a net $192 billion of U.S. Treasury bonds, more than double the pace in the same period last year, when they sold $83 billion.
China, Japan, France, Brazil and Colombia led the pack of countries dumping U.S. debt...
It's the largest selloff of U.S. debt since at least 1978, according to Treasury Department data.

But, "plugging the dike" for now is the fact that lots of private funds are scooping up Treasuries to make up for the extinction of traditional money market funds in light of the new rules... what happens after that, only time will tell...

Relevant:

Global central banks dump U.S. debt at record pace