January 11 (King World News) - Charts 16 & 17 reveal a potential time bomb for US treasuries. Interest on the public debt is close to historical lows, due in part to Fed manipulation, the “fear” trade, and old fashioned momentum. Think of what 300 or 400 additional basis points across the yield curve would do to the fiscal deficit. (Hint: what is 4% x $16 trillion as a percent of future fiscal deficits? Answer: it is very high).