I recommended selling the Rydex Inverse Government Bond Fund, in light of recent events, not the least of which was the news that China has unloaded a net $34.2 billion of U.S. Treasuries, and Japan stepped up to the plate to buy more. But that news means China is no longer the largest creditor to the U.S.  In addition, recent treasury auctions have gone badly. For those of you who may not be familiar with RYJUX, it is a fund that seeks total return, before expenses and costs that inversely correlates to the price movements of Long Treasury bond. The…