A couple really interesting reads here: http://www.biiwii.com/analysis.htm
In particular, China Forced to Deny it Will Experience Hyperinflation from Zero Hedge, and China Holdings of US Treasuries Revised Up 30% from Mish.
So it appears it is not just Ben Bernanke supporting the UST market and it also shows why I mentioned (in NFTRH125 or on the blog... can't remember which) China continues to "pretend" to fight inflation.
It sure is not just the US that practices market manipulation as a matter of economic fundamentals. The whole developed, and in many cases developing world is doing it. Yeh, this is healthy.
http://www.biiwii.blogspot.com
http://www.biiwii.com