EXCERPT:
"The U.S. Treasury sold two-year notes with the lowest yield ever as global investors fled to the safety of U.S. government debt.
The $42 billion of notes were auctioned at a yield of 0.769%, beating the previous low of 0.804% in a November auction.
The low rates come at a fortuitous time for the U.S. government, which is seeking to fund a record deficit. Some investors are willing to overlook the new debt, preferring to buy Treasurys amid a growing crisis in Europe. Fears about escalating tensions on the Korean peninsula also drove investors to Treasurys.
"The combination of another country being thrown into the alphabet soup of nations possibly hit by spreading Greece contagion combined with North Korean threats overnight all are forcing a bid to the Treasury market," said Christian Cooper, senior rates trader in New York at Jefferies & Co.
