The new semiannual rate, to be set around Nov. 1, is based on the six-month change in consumer prices ending in September.
The new rate on Treasury Series I inflation-linked savings bonds could come in at more than 5%, based on the September consumer price index reported Thursday.
The six-month change in the CPI was 1.97%, Barron’s calculates. That amount is doubled to 3.9% to arrive at the inflation component of the new rate. The fixed-rate component of the new I bond rate, which doesn’t change over the life of the bonds, could exceed 1.5%, Barron’s projects. I Bonds were very popular in 2022, when inflation was running hot. The I Bond rate was 9.6% from May through October of that year. But demand has waned, partly because of the drop in inflation since then, but also as a result of the sharp rise in short-term rates to 5%, which has increased the popularity of money-market funds and Treasury bills.
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