Andrew Roberts, rates chief at Royal Bank of Scotland, said Asia's exodus marks a dangerous inflexion point in the unfolding drama. "Japanese and Asian investors are for the first time looking at the euro project and saying `I don't like what I see at all' and fleeing the whole region.

Bwahahaha.... so the bond vigilantes turn out to be Japan and China!

Or maybe the German public? I guess we'll be hearing from them soon....

ebear