Stock Market News, Oct. 31, 2023: S&P 500 Finishes Day Higher as Indexes End October With Losses

The interest rate on I bonds is now 5.27%, well off the highs above 9% seen last year, according to the Treasury Department. The new rate will apply to bonds purchased over the next six months. The yield rose from 4.3% earlier this year. I bonds are inflation adjusted Series I savings bonds. Backed by the U.S. government, their interest rates combine a fixed component set by the U.S.

Treasury—in this case, is 1.3%, up from less than 1% earlier this year— and a inflation adjustment calculated every six months based on economic data. The bonds mature in 30 years and have a 12-month lockup period. No federal taxes are due while the bonds are held. In late 2022, when investors could obtain in a 9.62% rate, demand for the bonds was so high that it strained the Treasury Department's web site.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares trade mixed as investors look ahead to economic dataAsian shares are trading mixed as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market. On Tuesday, shares fell in Seoul, Hong Kong and Shanghai, while gaining in Tokyo and Sydney.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares trade mixed as investors look ahead to economic dataAsian shares are trading mixed as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares trade mixed as investors look ahead to economic dataAsian shares are trading mixed as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market.
Source: ksatnews - 🏆 442. / 53 Read more »

Arista, Lattice, Pinterest, Wolfspeed, BP, AB InBev, and More Stock Market MoversArista Networks' third-quarter adjusted earnings easily topped estimates, Lattice Semiconductor issues a weak revenue forecast, and Pinterest posts a profit...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Stocks mixed, Treasury yields steady ahead of Fed meetingStocks are on pace for their worst month of the year this October, with higher Treasury yields, mounting geopolitical risks and muted big tech earnings holding down gains.
Source: startelegram - 🏆 248. / 63 Read more »