How do you invest in bonds and treasury notes, and can you lock-in specific interest yields or is it variabld for the duration?

Question

Title edit: *Variable.

In: 8

Answer 1

I-bond is a little weird, but might be good.

The upside for the next few days is you get 6.89%.

You can only put in $10,000 per year per social security number. You can put your tax refund in also, which I think is not part of the $10,000.

WHEN YOU QUIT IT, they keep the last months of interest!! Beware. You need a higher rate or longer term for this to be better than lower interest rates for short term.

In May sometime soon, the rate will drop for new investors. When you buy, it locks you in for months but not forever. It will change every so many months.

Its weird.