Monday, April 04, 2005
Series EE Treasury Bond Rates Now Fixed
The series EE bonds that up until now were adjusted every 6 months for interest rate changes will be fixed upon purchase. "The move will save the government money in a rising interest rate environment because it will mean lower payments on this portion of the national debt."
This stunning move is an admission that rates have entered a period of uncertainty. The link is at MSNBC.
This stunning move is an admission that rates have entered a period of uncertainty. The link is at MSNBC.
# posted by Ben Jones @ 6:23 PM 
