[Esther Ruth]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aIKuL6Qk19bU&refer=home
Yields ‘Next to Nothing’ Lure Funds to Riskier Assets (Update3)
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By Dakin Campbell

Dec. 1 (Bloomberg) — In the best year for Treasuries since 2002, fund managers who only buy government bonds are seeking permission to invest in corporate debt they considered toxic just a month ago.

Treasuries “are yielding next to nothing,” said Robert Millikan, who manages $5 billion at BB&T Asset Management in Raleigh, North Carolina, including the $51 million BB&T Short U.S. Government Fund. “Trying to do something for your shareholders, it’s hard to sit there and buy a bond that yields less than any fees you charge.”

excerpt

[GOPJ]

Treasuries “are yielding next to nothing,” said Robert Millikan, who manages $5 billion at BB&T Asset Management in Raleigh, North Carolina,

Yeah, but they're safe.