Money Morning: US About to Flood the Market With Treasuries

Staying on the beat of shorting US Treasuries, I came across this article from Money Morning - quick excerpt and link to full article:

The U.S. Treasury Department announced Nov. 3 that it intended to borrow a record $550 billion in the fourth quarter. That represents a staggering $408 billion increase over Treasury’s borrowing estimate from early August and includes $260 billion for the recapitalization of U.S. banks.

Make no mistake about it: There will be enough U.S. Treasury bonds to choke on, as the government tries to finance this debt.