Inflation-protected bonds issued by the Treasury Department have exploded in popularity in recent months as Americans seek safe investments after being battered by the stock and bond markets.
I bonds, inflation-linked savings bonds, currently offer an annual interest rate of 9.62 percent. Investors can purchase these bonds at the current rate through October 2022 by creating a TreasuryDirect account. The rate is valid for six months after the purchase.
Due to high inflation this year, I bonds have emerged as one of the hottest investment assets of the year. Although these bonds have been around since 1998, interest in them has exploded over the past couple of months, according to Joseph Hogue, an investment analyst and creator of the YouTube channel Let’s Talk Money….