PIMCO bond maven Bill Gross, who oversees the PIMCO Total Return Exchange -
Traded Fund (NYSEMKT: BOND) and other funds totaling about $ 2 trillion under management, told CNBC yesterday that he would take the other
side of Fidelity's
trade, gladly accepting yields on short - term securities that are 10 to 20 times what they were a few days ago in exchange for some mild
liquidity risk.