Brian Chappatta, Columnist

The Secret Is Out on 7.12% Inflation-Protected Bonds

The U.S. Treasury’s Series I savings bonds experienced unprecedented demand in November in yet another sign that Americans are on high alert about big gains in consumer prices.

December 7, 2021 at 10:30 AM UTC

By Brian Chappatta

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

Inflation-protected bonds are on a lot of shopping lists this season.
Photographer: Gabby Jones/Bloomberg

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The U.S. Treasury’s Series I savings bonds are no longer a forgotten investment option.

In fact, the government-guaranteed, inflation-protected securities are now among the hottest assets around. The Treasury disclosed that it issued $1.312 billion of Series I bonds in November, according to data released late Monday. That’s by far the most on record since the department began breaking out monthly totals eight years ago. Considering that individuals are limited to buying $10,000 a year,1that suggests at least 131,200 people sought out the debt, on top of the hundreds of thousands of Americans who had already made their yearly purchase earlier in 2021.