Inflation has begun to cool, and that may translate to some assets.
The Treasury’s Series I Bonds, or “ I bonds,” are no longer the prized savings tool they were 12 months ago. As cost increases slowed over the past year as Federal Reserve raised interest rates, it was inevitable that this inflation-tied asset would also begin to cool.
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As Bloomberg recently reported:
“Since the yield on Series I savings bonds dropped in May, investors have redeemed about $800 million worth of the securities, more than in all of 2021. That’s a big change from last year, when Americans piled into I bonds to shield their savings from inflation.”
Rates of redemption have soared since the start of 2023, as…
