Almost everyone agrees that Treasuries are now all about return free risk and not risk free return.Corporate bond yields are very high compared to Treasuries even though they have come down quite a bit.Given the fact that every fund manager out there seems to be rushing into bonds,I am initiating a trading position.The argument is that high yields would compensate for defaults.PIMCO is the best bond fund out there and Bill Gross is an excellent manager.Bil Gross Recommendation will rocket this higher as well.