The March CPI-U numbers were released, setting the next I bond inflation component to 2.416%. Bonds purchased in April will recieve 4.28% for 6 months, then jump up to a respectable 6.06%.
Since the inflation component is fairly high, you can almost gurantee the fixed rate of bonds sold in the next cycle will be dropped from the current 1.2%. The historical low has been 1.0% for the fixed rate, so I expect to see that.
Given a 1.0% fixed rate, a new I bond would recieve a 5.86% rate.
Given a 1.1% fixed rate, a new I bond would recieve a 5.96% rate.
The new fixed rate will be announced when the rate goes into effect for new bonds on May 1.
