Additionally, investors may consider emerging market debt, as the governments have maintained relatively healthy balance sheets.
Lee suggests looking at the WisdomTree Emerging Markets Local Debt (NYESEarca: ELD), which has a 3.7% 30-day SEC yield, and the PowerShares Emerging Mkts Sovereign Debt (NYSEArca: PCY), which has a 4.03% 30-day SEC yield. [Six Emerging Market Bond ETFs with Attractive Yields]
Additionally, Lee points out that European stocks are offering attractive yields, as well. For instance, the Vanguard MSCI Europe ETF (NYSEArca: VGK) has a 6.59% yield. [Dividend and International ETFs for the U.S. Fiscal Cliff]
“I do like Europe as a yield opportunity because you not only have that yield, but you also have the chance of a revaluation,” Lee said.
For more information on fixed-income assets, visit our bond ETFs category.
Max Chen contributed to this article.