FY-2006 Savings Bond investments double
Wednesday, April 19th, 2006
Categorized as: Savings Bond investment rate
Investments in Savings Bonds during the first six months of fiscal year 2006 (Oct-Sep) totalled $6.35 billion, exceeding the amount invested in Savings Bonds in all twelve months of fiscal year 2005, which was $6.31 billion.
Sales continue to be driven by Series I bonds, which have accounted for over 80% of the dollars invested for all five months in which they’ve offered the 6.73% interest rate for their first six-month rate period.
TreasuryDirect accounted for 17% of all dollars invested in Savings Bonds in March.
If you’re a reader of my book, , you have access to an online graph showing the level of Savings Bond investments since Series I bonds were introduced in 1998. Check your Book Notes for the link.
(No Ratings Yet)
Loading...2 Comments
Comments Closed
After six years, over 400 posts, 3,680 real comments, and over 90,000 spam comments (thank you, Akismet, for making managing a blog with comments possible), I am closing public comments on Savings-Bond-Advisor.com. I will contine to update the main articles on this site, but not the comments.
Virtually every question about Savings Bonds has been asked and answered on this site multiple times. Use the search feature (see the box in the gray area near the top of this page) or the detailed menu on the lower part of the home page to find the information you're looking for.
Tom Adams
It’s interesting that the percentage in TreasuryDirect is so low. I’m sure the government would like that to be a lot higher, to save cost on paper bonds.
The high investment in the first half of FY 2006 makes me think that the Treasury might not raise the fixed rate as high as we’d like, because they may not care in this case if savings bond sales fall of the earth for the rest of FY 2006.
[…] FY-2006 Savings Bond investments double […]