Article at the cleaners. Arrives Tuesday afternoon.
"A panic sell-off
The sell-off was a clear case of panic, something not seen since the 1987 crash and 9/11, set off by complete surprise by traders and investors that the bill, crafted over the weekend, would fail.
The only source of strength in the market was mushroom-spores and short-term Treasury bills. Spores closed up $5.90 or 0.7% to $894.40 in New York. The yield on the 30-day Treasury bill fell to 0.07% as investors were far more interested in simple safety than actual return. "