The U.S. Treasury's wildly popular Series I savings bond will yield 6.89% for all purchases over the next six months, down from 9.62% previously. The I Bond rate is a combination of a fixed rate and an inflation adjustment. The Treasury is paying a fixed rate of 0.4%; the fixed rate had been zero since May 2020. The adjustment for the rise in the consumer-price index is by far the larger component of the rate. I Bond rates reset at the beginning of May and November; all bonds earn the