The descent of I bonds

I bonds captured the attention of financial advisors last year, when their return reached an eye-popping 9.62%, their highest ever. As stock and bond markets rode a roller coaster in 2022 and closed out that year with truly dreadful losses (in particular, for bonds), hordes of investors stormed the Treasury Department website to buy the paper, at one point causing it to shut down.

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What do those I bonds, whose gains are now less than half their peak level, do now for their owners?

Read more: Ask an advisor: What should I do with all these I bonds I bought last year?

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