U.K. bond auction fails due to lack of interest . . . inflation worries

Voltron says: first time since '95. Treasury auctions are less likely to fail because the Fed is going to be printing money and buying treasurys, but on a fixed schedule. If the Fed does not buy enough and a Treasury auction fails, TLT will drop thorough the floor.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aQGG.mWeZ4eU