Would think that all bank depositors around the globe should be in major panic. If it can happen in Cypress, it can happen anywhere. Note that the bond holders will remain intact as the bank depositor's pockets are picked by government.
The blogesphere is fraught with articles about "treasuries catching a bid tomorrow and Tues. It could be interesting. Last year, during the Eur panic tlt saw 130's. I'm not a "great rotation" buyer. The "great rotation" is for the suckers that are earmarked to buy all the us equities banks are holding on their balance sheets, including the hedge funds that are leveraged 10-1 using banks/prime brokerage capital. Sorry. I'm not taking another kick in the teeth from these crooks.