Tuesday, May 10, 2005

Scott Burns endorses my position on I Bonds

If you haven't invested in I Savings Bonds before now, this is the time.... To put that 4.8 percent yield in perspective, tells us the yield on 30-year Treasuries is only 4.51 percent. It's 4.19 percent on 10-year Treasuries and 3.88 percent on five-year Treasuries. While we can hold I Savings Bonds for as long as 30 years with interest tax deferred, we can't redeem them before five years without a penalty of three months' interest. The long-term yield may be uncertain, but these securities currently offer more yield with less risk.

I've been putting my money where my mouth is. It's only May and I've already maxed out my $30k a year allocation in I bonds.
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