Investors looking for refuge from the unpredictability of the stock market have flocked to the security of inflation-protected I bonds since they swelled above 9.62 percent in the spring of 2022.
Cooling inflation has been steadily pushing returns lower, cutting them nearly in half, until now: This month, the Treasury Department announced a new rate of 5.27 percent for I bonds, up from 4.30 percent.
If you’re searching for a safe investment with a yield that keeps pace with inflation, here’s what you need to know about I bonds and what the U-turn on rates means.
Source link: https://www.washingtonpost.com/business/2023/11/08/nov-i-bond-rate-527/