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The 5.92% for the older issued I-bonds was only good through to the end of October. The CPI-based portion of those bonds was changed today as well.

I don't believe that is correct. From what I have read, bonds bought in October 2001 have rate periods of October-March and April-September. They receive their fixed component for the life of the bond and the CPI-based component for 6 months following the date of issue. The CPI-based portion will then change in April 2002(Nov 01 announced rate) and remain that rate until September 2002. The rate would then change again to the October 2002(May 02) rate and remain that rate until March 2003.

There is also a table showing the rate periods.

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