I Bonds hit 72.2% of investments in October

Investments in Savings Bonds in October were $531.6 million. This is an annual investment rate of $6.38 billion, essentially unchanged from the 2005 fiscal year rate.

However, Series I bonds made up 72.2% of the total October investments, which is the highest share they've had since October 2003, when the I bond share reached 81.7%.

Given that EE rates were lowered on November 1 while the composite I bond rate was raised, look for the I bond share to reach its highest level ever during the next six months.

Savings Bond Advisor readers can see an online updated monthly sales chart. Check your Book Notes.