Americans Stampede Into Inflation-Linked Bonds, Smashing Records
- Series I savings bond sales totaled $2.78 billion in December
- Full-year record had been $1.76 billion back in 2018
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American savers piled into inflation-protected savings bonds, scooping up more in December alone than they had for any full previous year, as consumer prices soared across the U.S.
The government sold $2.78 billion of Series I savings bonds, which pay a fixed interest rate plus inflation, in the month after selling $1.07 billion of the bonds in November, according to Treasury Department data.