There's no proof of that. BB has threatened to purchase 7/10 year Treasuries in order to keep long bond rates down, but that was purely from a monetary perspective. So, for the meantime, it really is the Chinese and US citizens who are continuing to prop up the central government's finances.
While we haven't yet seen the Fed make wholesale purchases of Treasuries, it's not to say they won't.
BB has threatened to purchase 7/10 year Treasuries in order to keep long bond rates down, but that was purely from a monetary perspective.
I thought I read that they were doing it. Even if they aren’t, the thought of them doing it is kind of incestuous. Where would they get the $$ to so such a thing? From the printing pressing, of course. Saying it is being done from a monetary perspective is doublespeak. If people stop buying, of course rates will go up—which will mean the Government has to pay more interest and borrow more—a vicious circle. So you print more $$ to artificially keep the rates low. It may work for a while, but we are building an even bigger house of cards.