Most Income Investors Have Never Heard of These 3 Bond ETFs Paying Over 10 Percent Monthly

Three lesser-known iShares bond ETFs from BlackRock are designed to turn option premiums into monthly cash distributions, with yields that can exceed 10% on a trailing basis. The lineup includes the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW), the iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (LQDW), and the iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW). They differ by the risk taken in the underlying bond sleeve: long-duration Treasuries, investment-grade credit, or junk-rated credit. The covered-call structure can cap upside when bonds rally, but elevated rates and implied volatility support richer option income.