  Recent inelastic neutron scattering measurements found that the spin
susceptibility of detwinned and highly ordered ortho-II YBa_2Cu_3O_{6.5}
exhibits, in both the normal and superconducting states, one-dimensional
incommensurate modulations at low energies which were interpreted as a
signature of dynamic stripes. We propose an alternative model based on
quasiparticle transitions between the arcs of a truncated Fermi surface. Such
transitions are resonantly enhanced by scattering to the triplet spin
resonance. We show that the anisotropy in the experimental spin response is
consistent with this model if the gap at the saddle points is anisotropic.
