Market Memo

November 2023 – By Kyle Rohrwasser

Many of us utilized I-Bonds recently during the most inflationary time since 1980 when the inflation rate topped 13%. This time around the US inflation rate topped out at 9.1% in June of 2022. Many rushed to the I-Bonds with the promise of a high rate should inflation stay elevated. At the time it was almost too good to be true, with elevated inflation generating large yields with minimal to no risk since it is a US Government Bond. Rarely do you see such advantageous situations, but from time to time certain products sway in the favor of the consumer.

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