Hi,
Quick question, how ibonds work? Do we have any materials at least covered some concept of this? Please advise.
Thanks.
Hi,
Quick question, how ibonds work? Do we have any materials at least covered some concept of this? Please advise.
Thanks.
Hi @A11! I-bonds are a type of US Government savings bond. They are similar to Treasury Inflation Protected Securities (TIPS) as they pay a fixed rate of interest, plus adjust for inflation. Unlike the US Government securities typically discussed on the Series 66, they are not negotiable (trade-able). They can only be redeemed directly through the Treasury Department. You can learn more about them on this website.
With all that being said, I do not expect you to encounter any questions on this type of product on the actual exam. This is why we do not cover it in our material.