Investing
There’s a Low-Risk Way for Investors to Earn 9.62% Returns Right Now
Nearly $3.5 billion of Series I savings bonds were sold in June as US investors flocked to their inflation-protected yields.
U.S. savings bonds
Photographer: Ron Antonelli/Bloomberg
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Markets are slumping. Crypto has cratered. Yet one corner of the financial world continues to offer investors strong, low-risk returns: Humble I bonds.
Sales of US Series I savings bonds remained elevated in June at $3.4 billion, surging more than 950% compared to the same month last year, according to Treasury Department data published Thursday. Droves of Americans have snapped up the government bonds that offer inflation-adjusted yields in recent months, with June’s tally dipping slightly from April and May.