Load up on Treasury bills for their juicy yields because the debt-limit standoff will likely be resolved, billionaire bond king Bill Gross says

• Investors should snap up short-term US Treasurys, according to Pimco founder Bill Gross.
• Yields on 1- and 2-month bills have spiked on fears that the US could default on its debt repayments.
• "I think it's ridiculous – it's always resolved," the billionaire "bond king" told Bloomberg TV.

Short-term US debt yields have surged to highs unseen in over a decade amid a political standoff over the government's borrowing limit. That presents an attractive investing opportunity, according to billionaire "bond king" Bill Gross.

Investors should load up on one- and two-month bills to lock in the juicy yields - because the debt-ceiling deadlock will most likely be resolved, as has been the case every time in the past, according to the Pimco co-founder.