US Treasury announces new series I bond rate of 3.98% for May-October

On May 1, 2025, the US Treasury will apply a new Series I bond rate of 3.98%. This is a significant update from the previous 3.11%, comprising a 2.86% variable rate and a 1.10% fixed rate.

The announcement coincides with an economic slowdown as the US experienced a 0.3% GDP shrink in Q1 2025, raising concerns among investors. The response from financial markets was negative, with major indexes seeing major drops.

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