By Tom Dyson in DailyWealth:

Right now, income investors have an amazing market anomaly available to them.

This anomaly is two sided. It's an anomaly in stocks. It's anomaly in bonds. It will pay you some of the safest double-digit yields in the world.

Before I reveal what this anomaly is, it's important to know the difference between a stock and a bond...

When you buy stock, you're an owner of a business. You're entitled to whatever profits the business makes after tax. And you're entitled to vote on anything related to the company.

A bond is a debt. When you buy a bond, you're making a loan. And making a loan to a company is entirely different than buying its stock..

Well, there's no "one click and you're done" way to buy bonds like you can with stocks. The big banks are the bond exchange. They buy and sell bonds among themselves and distribute them to brokers, funds, clients, and the public. Most brokers can sell you bonds, but the minimum investments might be more than $10,000 and the selection is poor.

But there's one exception to that rule. Some bonds trade on regular stock exchanges. Right now, there are hundreds of these "stock market bonds." They have symbols you can type straight into Yahoo Finance, and any discount broker can buy them for you.

You can get in and out of these stock market bonds at any time. Commissions should be the same as on common stocks, and you can hold these in your IRA, just like stocks.

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More from Tom Dyson:

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