Gyroscopic Investing

http://www.zerohedge.com/news/2013-12-0 ... em-failure


ZH states that there have been other market interruptions, and now there's an example of this in the gov't debt market.

How does this impact the retail investor? Should there be any cause for concern?

No big deal. The Treasury can choose to delay an auction for whatever reason it wants to. For instance, they might delay an auction if Primary Dealers are having trouble finding enough reserves to take down the auctions under tight market conditions. That's not the case right now — since Primary Dealers have too many reserves and are clamoring for Treasuries to drain their excess reserves.