From Newsmax:

Pimco Total Return Fund, run by Bill Gross, lifted its U.S. government debt holdings to 28 percent of assets in March, the highest portion in almost two years.

That represents almost a doubling from 15 percent of assets in February for the world's biggest bond fund, according to the fund's web site.

Meanwhile, the fund dropped its portfolio of mortgage-backed securities to 66 percent of assets from 86 percent in February.

Read full article...

For more on the best way to collect huge (and safe) dividends from government guaranteed bonds, check out The best, safe investment of 2009 pays 19% interest.

Also for income investors: Income alert: A safe strategy that will yield over 15% this year