Investors are very careful and fearful these days… They don’t want to make a mistake and don’t invest in anything that shows signs of being risky. In the bonds department, junk-bond yields are becoming very high (going into double digits). Of course, when yields rise, the price of the bonds is going down. Because of this, we are now in a position when we can buy bonds at a discount price of twenty percent or even more.

“Everyone wants quality… That’s why most people are afraid of buying high-yield bonds.” says Cecilia Gondor, a financial expert from Miami.
Some of the high-yield funds are: Highland Credit Strategies Fund, BlackRock High Income Shares, Van Kampen Dynamic Credit Opportunities Fund and many more.

Given the current state of the market, this might be a good thing to look into.