FY-2007 Savings Bond investments weak
Wednesday, April 25th, 2007
Categorized as: Savings Bond investment rate
Investments in Savings Bonds during the first six months of the government’s fiscal year 2007 (Oct-Sep) amounted to less than third of the dollars invested in Savings Bonds during the same months the previous year.
So far, FY-2007 investments are running at an annual rate of $3.4 billion. This is the lowest annual investment rate since FY-1981 ($3.36 billion) and FY-1982 ($3.11 billion).
So far this year, new investments have been almost evenly split between Series EE and Series I.
If you’re a reader of my book, Savings Bond Advisor, you have access to an online graph showing the level of Savings Bond investments since Series I bonds were introduced in FY-1999. Check your Book Notes for the link.