FY-2006 Savings Bond investments up 32%, but…
Friday, October 20th, 2006
Categorized as: Savings Bond investment rate
Total new investments in Savings Bonds during the government’s 2006 Fiscal Year (October 2005 through September 2006) were $8.337 billion dollars, up a bit more than 32% from FY-2005.
However, all the gains belonged to Series I bonds and to the first half of the fiscal year.
For the year as a whole, 77% of Savings Bond investments went to Series I bonds. FY-2006 was the second highest year ever for Series I investments.
Series EE investments, at $1.892 billion, were down more than 25% from the previous year.
New investments have declined every month since January. July, August, and September each set a 20-year record for the fewest new investments in Savings Bonds.
Readers of my book 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.