For those on a fixed-income needing extra yield, Michael Johnson likes three muni-bond ETFs...

|By:, SA News Editor

For those on a fixed-income needing extra yield, Michael Johnson likes three muni-bond ETFs worth the bet that defaults won’t soar: PowerShares Build America Bond Portfolio (BAB), with most holdings in bonds that won’t mature for at least 15 years regardless of renewal of the BAB program; Market Vectors High-Yield Municipal ETF (HYD); and iShares S&P National Municipal Bond Fund (MUB).