There are scores of writers, commentators and analysts who have declared the death of bonds. It should be noted that many of these people prematurely made the same declaration 10 years earlier in 2003-2004. Nevertheless, the overwhelming sentiment today is that an attempt to squeeze cash flow from a stone produces more risk than reward.
For the last few months, I have been challenging the latest predictions that interest rates must rise and that bond prices must fall. It is not that I believe rates will necessarily turn back the clock to revisit all-time lows; rather, the surge in the 10-year from 1.4% to 3.0% in 2013 may have represented two steps in one direction, while the stabilization or slight decline in rates may represent a probable step back here in 2014.
One thing is for certain. ETF enthusiasts are not throwing in the towel when it comes to the pursuit of higher yielding income, whether it comes from junk bonds, MLPs or multi-asset funds. Here are three ETF high yielders that just hit 52-week highs: