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Author: Lokicious Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35357  
Subject: Re: I-bond yields crash as expected... Date: 5/1/2002 8:29 PM
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I must say, I'm surprised. The inflation rate is in line of what we were expecting (mmaybe a bit low, but no one expected over 1%). What is intriguing is that not only is this the first time I-bonds have ever come in below, or even close to, EE bonds, we're talking losing out by almost 1.4%.

I'm reading this as an ominous sign (eh, Charlie?). They think inflation is going through the roof, so they don't dare go over the 2% fixed rate, even though they probably won't be selling a whole lot of I-bonds.

And, to anyone who is excited about having gotten an I-bond before the rate change, don't forget in 6 months you'll be getting 2.57% for the following 6 months, unless you cash in and lose 3 months interest and pay your taxes. Glad I stuck to CDs.
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