I don't believe the Chinese are too keen on seeing the value of their treasuries tanking, but it looks like they're going to get some of the blame anyway. From the article:

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In pursuing these strategies, central bank purchases of government and corporate debt will likely stoke inflation and “cause a sharp adjustment in bond prices,” the People’s Bank of China said in a quarterly policy report released yesterday.

The story out of China “is partially responsible for the selling pressure in Treasuries,”