Tag: I Bond
New I-Bond Rate
by Doug on May.07, 2009, under Fixed Income
The I-bond rates, adjusted every May 1 and Nov 1, were released:
Fixed rate = 0.10%
Semiannual inflation rate = -2.78%
which gives a composite rate of -5.46%. Since I-bonds are guaranteed not to give negative returns, the interest rate from May 1,2009 to Nov 1, 2009 is 0.0%. In other words, nothing is earned. This anomaly is due to the fact that deflation occurred as measured by the consumer price index (CPI).
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