... of savings bonds in detail If you see savings bonds being auctioned over the Internet, these are not interestbearing securities since savings bonds are nontransferable; you would be buying only ... securities: fixedprincipal and in ation-indexed Fixed principal means you know how many dollars in principal you will be getting at maturity With in ation-indexed securities, you 27 28 Treasury bill ... other bonds whose earnings are not protected from in ation For ex- 25 26 U.S GOVERNMENT BONDS ample, Series EE bonds issued from May until November 20 02 earned 3.96%, while I bonds issued during...