Also that because this is a global recession, every country is focused on revitalizing their own economy, especially developing countries (i.e. emerging markets

Also that because this is a global recession, every country is focused on revitalizing their own economy, especially developing countries (i.e. emerging markets). Thus the global demand for US Treasuries in 2010, especially among EMs, who have historically been larger purchasers of US Treasuries, will also fall, placing more pressure on the US government to raise cash domestically.