TreasureDirect is overburdened by demand for bonds I

I Bonds purchased on TreasuryDirect from October 29 to 31 It will air in NovemberTreasuryDirect said. These bonds will receive the price announced by the Treasury on November 1 and They are likely to drop to 6.47%.

Bonds have become one of the Most popular of the year And one of the few financial havens when inflation reached its highest level in four decades and stocks collapsed in a bear market.

as approaching Deadline to get 9.62% this weekThe government’s TreasuryDirect website, the only place where investors can buy I bonds directly, has become one of the Most Visited Federal WebsitesIt has seen intermittent outages for several days this week, authorities said. .

Investors are still having a hard time accessing and logging in to the site.

“Due to the unprecedented requests for new accounts, we cannot guarantee that customers will be able to complete a purchase at the current rate of 9.62% before the October 28 deadline. The TreasuryDirect system has been and continues to process payments that have been completed,” a spokesperson said.

“We tripled TreasuryDirect capacity in the last day and continue to see customers successfully creating accounts and purchasing bonds at record levels. Any additional updates to TreasuryDirect during the final days of the rate window, such as a delay in the November 1 price change, would pose a significant safety risk running the system.

“If the customer receives confirmation that the purchase has been made or completed before October 28 at 11:59:59 PM ET, the payment will be processed,” the spokesperson added.

Users regularly take to social media to complain about the TreasuryDirect website and sometimes go to great lengths to make their bond purchases.

“TreasureDirect is not known for its ease of use,” he said. Elliot Pepper, Baltimore financial planner.

It’s not just people trying to buy I rewards who are frustrated with the site outage.

Investors Treasury bonds, treasury bills or treasury bills cannot be purchased or redeemed Through TreasuryDirect if they cannot access the site or log in due to high demand.