How ibonds work?

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.

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