Where to Get Yields of 10% and Up, if You Can Stomach a Little Risk

The $280 billion convertibles sector is replete with 10%-plus yields on many issues. There is a risk in these high-yielders, but they can offer nice appreciation potential and a good alternative to the issuer’s common stock.

Converts are bond/stock hybrids that can offer a combination of the downside protection of bonds and the upside potential of stocks. The ICE BofA U.S. Convertibles index is off 17% so far in 2022.