Dow up 161 points. They aren’t buying just Bonds to keep rates low to support retail and real estate. They’re doing something for stocks too.
Stocks bonds and real estate are the modern “MONEY” in this system. They are protecting or maintaining the value of the artificial “MONEY.”
They can’t have the fake MONEY lose value. It would be a net contraction in MONEY supply. People would feel poorer. And not spend.