If you’re still concerned about default risk, you may be more comfortable with iShares iBoxx $ Investment Grade Corporate Bond (NYSEArca: LQD), which still offers an attractive 4.75% yield – better than most Treasury bonds.

For higher yield and higher risk, iShares iBoxx $ High Yield Corporate Bond (NYSEArca: HYG), PowerShares Fundamental High Yield Corporate Bond (NYSEArca: PHB) and SPDR Barclays Capital High Yield Bond (NYSEArca: JNK) might be right up your alley. All three offer yields currently well above 7%.

For full disclosure, Tom Lydon’s clients own shares of LQD.

Tisha Guerrero contributed to this article.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.