That bond market is next set of segments of dominos to collapse.

(Repost of mine at GRZ board at I.V.)
Read the following article, "World's Largest Bond Insurers Collapsing!" by Martin D. Weiss Ph.D. at:

http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=1381

All but government bonds have to be suspect.
So what is left to invest in and where would you rather be in?
I say gold bullion first, only because of timing and psychology.
Silver bullion close second because of higher profit potential.
Then stocks in the above, PMs and essential metals ex. platinum, copper etc. because of potential for gain and not to be discounted reasonable safety with proper dd.
Next, energy sources - oil, uranium, safe and sure.
Last - your pick because it is probably everything else.