It’s not every day that bonds spark the kind of investor frenzy often displayed on Wall Street or among cryptocurrency enthusiasts. But that’s where we were on Friday, when thousands of people crashed a Treasury Department website in the race to beat a midnight deadline.
People made nearly a billion dollars in I bonds on CashDirect that day, locking out 9.62% for six months. And while this astonishing rate is not no longer available, the new one is always excellent.