Traders,

Series I Savings Bonds currently offer a scorching 9.62% return. But here’s the catch. The rate is only available if you purchase them before October ends. The payout will adjust lower in November based on reduced inflation numbers. Still, the new rate will likely be around 6%, so it’s not terrible. 

These inflation-linked bonds burst onto the map last year when their yield skyrocketed from near zero to 7.12% and then 9.62%. The ballooning payments came courtesy of the highest inflation readings in forty years. But the interest they pay adjusts every six months based on the latest CPI report, and all indications point to 9.62% being the peak payout.

So if you want to lock it in for the next six months, you must buy I-bonds via the Treasury Direct website before October ends. There’s a variety of other nuances with Series I-bonds that you’ll want to familiarize yourself with if you’re going to use them. TreasuryDirect has a FAQ page you can check out.

Also, here’s a blog we wrote about them back in June.

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Video of the Day: Frank’s Charts – Hot Potential Swing Trading Picks

Watch this clip with Coaches Frank and Matt where they share a few charts and discuss potential Swing Trading Picks $RIO $STNE $HOOD $GPS $APP $CVNA

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Chart of the Day: CBOE Volatility Index ($VIX)

The VIX is popping Monday morning. Remember, a reading of 32 translates into 2% daily moves on the S&P 500. Adjust your expectations and trade management accordingly.

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