February Savings Bond investment rate still hot, but cooler
Tuesday, March 14th, 2006
Categorized as: Savings Bond investment rate
Investments in new Savings Bonds in February reached an annual rate of about $10.9 billion, much below January's record-setting $18.0 billion annual rate, but still hot compared to the actual 2005 fiscal year rate of $6.3 billion.
New investments continue to be dominated by Series I bonds, which made up 84.6% of new dollar investments. This is the fifth time since I bonds were introduced in 1998 that over 80% of the money going into Savings Bonds in a single month went into Series I bonds.
TreasuryDirect investments in February made up 17% of the total, compared to 22% for the fiscal year to date (October through February).
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 1998. Check your Book Notes for the link.
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[…] Sales of Series I bonds cooled in February to an annual rate of $10.9 billion, down from January's record month of $18.0 billion (annual rate). However, this is still more than double the average I bond sales rate during the last three fiscal years, which has been about $4 billion per year. Here's more information about last month's Savings Bond sales. […]