If you have always been waiting for a relatively risk-free pair trade, which also has the added bonus of allowing you to put your money against Bill Gross, today's pair trade idea of the day, courtesy of Damien Cleusix is just for you, although as A.B. points out, good luck finding borrow: hopefully by now you have some incriminating pictures of your repo desk guy, which will force him to release a couple thousand shares your way.Of course, if Mr. Gross is long a sufficient amount of domestic insurance company debt (i.e. Fidelity which has no borrow whatsoever), doesn't matter how much clout you may have - it is 'the Gross' way or the Pacific Coast Highway. (more)
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