Interestingly PIMCO looks to be one of the 1st to move forward in its lack of confidence in government bonds of UK and America.
This could cause aggravation for both governments as it puts the interest up on future loans they look to secure.

Good read if interested:
http://community.nasdaq.com/News/2010-01...debt-in-trouble

Now lets see how many of the general press report on this.

Cheers
Orb