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Investors in T-bills, bonds trounced inflation in 2023
Inflation has continued to recede, falling to the targeted midpoint of five percent in April to set up investors for an even greater risk-adjusted rate of return as interest rates remain elevated. PHOTO | SHUTTERSTOCK
Investors in government securities earned the highest inflation-adjusted returns over recent years in 2023 as interest rates on Treasury bills and bonds rose to new highs.
According to data from the Economic Survey 2024, the real interest rate for the 91-day Treasury bill rose to a multi-year high of 9.1 percent from just 0.23 percent in 2022.
