October Is Your Last Chance to Earn a Risk-Free 9.62%

In fact, even long-term U.S. Treasury Bonds, normally seen as a safe haven hedge against recession, have plunged, with the S&P 10-Year U.S. Treasury Bond index down 16.5% year to date. The reason for the rare double-digit losses across both stocks and Treasuries in 2022 has been an abrupt change in inflation, along with a corresponding rapid rise in interest rates. Treasury Series I savings bonds, or I Bonds, are securities sold by the U.S. government and meant to shield holders from the effects of inflation.