I Bonds are rising again — but waiting could get you a better deal

The latest spike in inflation has plenty of savers wondering whether it is a good time to buy Series I Savings Bonds. And it is. But one expert says odds look pretty good that it could be an even better time to buy in November or December.

"Prediction: I Bonds are going to get very popular later this year," wrote David Enna on the Tipswatch.com site, which regularly tracks inflation-adjusted government bonds.

Why? Inflation is again increasingly unpopular.

Over the last 12 months, the Consumer Price Index for All Urban Consumers increased 4.2% before seasonal adjustment. It was the third consecutive year-over-year increase since the start of the Iran war in late February. And May's year-over-year CPI was the highest level since April 2023.

Enna points out that the May CPI report, issued June 10, was the second of a six-month string of inflation data that will determine the I Bond's new variable rate that will be set Nov. 1. The variable rate will be based on inflation for the months of April to September.

"So far, after just two months, inflation has increased 1.49%, which translates to a variable rate of 2.98%. But there are four months left to go," Enna wrote in a post dated

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/currencies/articles/bonds-rising-again-waiting-could-162532689.html)