Savings Bonds Sales Up 11%: Sales of...
From Times Staff and Wire Reports
Savings Bonds Sales Up 11%: Sales of U.S. savings bonds totaled $589 million in October, an 11% gain over September and 8% more than were sold in the same month a year ago, the Treasury Department reported. The October sales raised the total of bonds held by the public to $116.2 billion, the highest level ever and a one-year increase of 7%, the Treasury said. Bonds currently earn interest at a rate of 6.98% when held five years or longer.
