There’s been such a rush to buy “I-bonds,” inflation-protected bonds from the U.S. government, that the TreasuryDirect website crashed. I-bonds have been one of the hottest investments of the year. People who never talk about investments have been telling me about the I-bonds they’ve been buying. Market strategists have been asking me if I’ve bought … Read more
So many investors are rushing to buy Series I savings bonds ahead of an October 28 deadline to lock in a rate of 9.62% that it crashed a U.S. Treasury Department website selling the securities, which are considered a low-risk hedge against inflation. The Treasury Direct website froze up on Wednesday, while some users on … Read more
Stocks and bonds alike have plummeted this year, taking the wind out of retirement savings and brokerage accounts. Meanwhile, the interest rates on the highest-paying savings accounts barely reach 2.5% — less than one-third the rate of inflation. But there is one financial vehicle that offers a hefty return to savers wanting to shield some … Read more
This week’s worse-than-expected inflation report led to turmoil in more than one market, but you only read about one of them. The market that got all the headlines was in stocks, since in the wake of the latest news about inflation the equity market experienced one of its biggest intraday swings in history. After plunging … Read more