There are lots of opportunities to pick up double-digit yields in corporate bonds... especially with those in the financial field. Meanwhile, the Dow Jones Corporate Bond Index is just above 7%. These higher yields are meant to lure investors to riskier bond issues...

"Credit markets aren't working properly so investors don't want to take the risk. To attract investors they have to keep pushing up the yield," says Heater Errigo, managing director at Lynx Investment Advisory in Washington, D.C. "At some point the yield spreads have to narrow back in ... but right now it's a great opportunity. You can buy some high-quality corporate bonds that can give you some great yields."

Investors are getting paid an average 4% more than Treasurys for holding corporates.

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