5 High-Yield ETFs to Buy for Long-Term Income

The Federal Reserve recently suggested that the U.S. economy will shrink by 6.5% - its worst annual performance since World War II. The Fed also expects unemployment to finish the year over 9%.

Those are good reasons to develop a heightened interest in high-yield ETFs (exchange-traded funds). That's because the Fed's key interest rate likely will hover around 0% for the next 24 to 36 months, leaving investors starved for income, while Fed Chairman Jerome Powell uses every tool at his disposal to help restart the economy.

"(The outbreak) will weigh heavily on economic activity. (It) poses considerable risks to the economic outlook," Powell stated June 10. "We're not even thinking about raising rates. We're not even thinking about thinking about raising rates."

That should make it all the more difficult to generate above-average income from equity and bond ETFs in the near to mid-term. Difficult ... but not impossible.

Here are five high-yield