Treasury Division bought pretty much $1 billion of Collection I bonds, a record, ahead of Oct. 28 deadline

Treasury Division bought pretty much billion of Collection I bonds, a record, ahead of Oct. 28 deadline

Key Details

The U.S. Section of the Treasury offered $994 million of Sequence I bonds on Oct. 28, a file selection, as investors rushed to defeat a crucial deadline.
Friday was the deadline to lock in a record-significant 9.62% curiosity level for 6 months. The I bond fee reset Tuesday, Nov. 1, falling to 6.89%. That is nonetheless the third-best rate at any time.
I bonds are a practically possibility-totally free asset tied to the price of inflation.

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