Summary
- Both real and nominal yields have plummeted in 2019, with nominal yields on government debt dipping into the negative in Europe and Asia.
- Returns on I Bonds and EE Bonds still have the same terms that the Treasury set in November 2018 and have now become much more attractive by comparison.
- I Bonds are the best inflation-protected Treasury investment with a maturity under 20 years. EE Bonds are the best nominal Treasury investment with a maturity of 20 or more years.

I'll just point out I always say TIPS inflation accruals are based on "official U.S. inflation," and definitely not each…