He can't force anybody to buy Treasuries.
because what those 30 buyers (along with most 10 year buyers) expect to do is sell their bonds long before then (like in a month or two) to a greater fool, namely the Fed.
Now he's to blame for that? LOL!
Please, 10 year yields are up about 1.5% since December. That's a bubble?
Another thing I suggested here last fall was printing money, not for QE, but just to counteract the credit deflation.
And you'd put the money where?
It's a bubble popping. The Fed is trying to gradually let the air out while still targetting mortgage rates. The predictable result is that the government owns more and more mortgages (leads to socialism, gives Barney more power, etc). The 10 years are still being bought by speculators who hope to sell to other speculators who hope that the Fed will buy more later. Otherwise 10 years would be much higher to reflect the fact that we have a terrible fiscal policy (sinilar to Japan in the 90's), taxes are being raised on job creators, government owns too much of the economy and wants more, etc.
And you'd put the money where?
I'd greatly lower the FDIC fees that are killing small banks (I get 0.25% on a savings account but my bank pays 0.50% in fees). That also makes up for the inflation hit on savers. I'd put money into Fannie and Freddie and then IPO them to make them private again. In short, anything but politician's bridges to nowhere or handouts to people to buy TV's, but instead money needed to stabilize and privatize the credit markets.