The Fed already holds 41% of all 30-yr US Treasuries!
from the Federal Reserve's own documents:
Federal Reserve Holdings (1 of 2)
As of Dec 26, 2012 the Federal Reserve System Open Market Account
(SOMA) held approximately $300 billion in 21+ year US Treasury debt
- SOMA holds 41% of the 30y Treasury bonds issued since 2009
- In Feb 2013, Fed will buy 75% of new 30y Treasury supply
Twist and QE operations have significantly lengthened the WAM of the Fed’s SOMA portfolio
The Fed currently owns 29% of all marketable 10yr Equivalents outstanding
My thoughts:
There is nothing to be concerned about, I'm sure! (Italics = sarcasm)! And Mr. Bernanke claims to Scott Pelley at CBS News that he is NOT monetizing the debt? Is lying a prerequisite to being a Fed Chairman?
