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.
Source: https://www.barrons.com/articles/where-to-get-yields-of-10-and-up-if-you-can-stomach-a-little-risk-51669423753?siteid=yhoof2&yptr=yahoo