Clinton To Unveil Bonds Linked To Inflation

The officials, who asked not to be named, said that the announcement was expected to emphasize using the bonds to save for college tuition and for retirement.

They said Clinton was expected to make the announcement while on a one-day campaign trip to Pennsylvania because it fits in with his emphasis on education during this election year.

US Treasury secretary Robert Rubin announced on May 16 that the Treasury intended as a multi-year experiment to issue the securities, which provide protection against inflation.

Such securities are designed to strengthen national savings by offering people an investment that guarantees a return in excess of inflation.

 

The Treasury has said it also expects them to lower its financing costs.

In May, the Treasury said it planned to issue them in denominations as low as $1,000 to make them available to people saving for retirement and their children