Please show me somewhere risk free that pays 8%
really no risk free anything that high yield will have risk involved but cheseapeake energey has a 6.75 callable bond with a B+ rating and morningstar gives it a 4% rating Mexican and South African government bonds have a high yield if your ok with getting a bond from a foreign country
and here is a riskier company
"If you want more risk with higher yield, some investors may wish to consider one of the better Bakken junior E&P companies, Magnum Hunter Resources Corp. (
MHR). Morningstar doesn't rate this stock or its debt; but it is one of the better Bakken juniors; and it should be a relatively good investment. MHR has a mean analysts' recommendation of 2.2 (a buy). It isn't profitable yet. This is part of the risk. However, it has an average analysts' next five years' EPS growth estimate per annum of 65.04%. If it comes close to that growth, it should be successful quickly; and it should be able to get adequate financing for itself. It has a
9.75% bond on the market that sells for 111.1% of par. This is non-callable; and it has a yield to maturity of 7.46%. This could turn out to be a good investment; and unless you think the company is going to fail, MHR should make its bond payments."
http://seekingalpha.com/article/210...a-likely-increasing-interest-rate-environment