So I Bond buyers are still coming out ahead here. That's looking awfully good these days, since inflation should come down soon amid Federal Reserve tightening and a potential economic slowdown.Įven though short-term Treasury rates have skyrocketed this year as the Federal Reserve has raised the federal funds rate in rapid fashion, the current yield on one-year Treasuries is only 4.03%. The good news is that if you buy I Bonds before November, buyers will still receive the 9.6% annualized rate for the first six months of ownership before the interest rate resets. Given the past five months of data, it's projected the new rate will fall to around 6%. However, since inflation has come down in recent months, the new I Bond rate will be reset lower in November. That's an awfully nice yield, even compared with today's higher-than-normal Treasury yields. And since the six-month annualized inflation rate between November 2021 and April 2022 was so high, I Bonds currently yield 9.62%. The variable rate is reset twice a year: once in May, and once in November. This rate is slightly different from the seasonally adjusted CPI figure that comes from the Bureau of Labor Statistics, which is the headline inflation metric that gets reported in the media. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.The I Bond variable rate is based on the non-seasonally adjusted Consumer Price Index for all Urban Consumers (CPI-U) over the prior six months. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. Rackspace Technology is a leading end-to-end multicloud technology services company. To learn more about Rackspace Technology Cybersecurity initiatives click here.Ĭlick here to read Gary Alterson’s latest blog, See Yourself Succeeding in Security." Provide zero trust architecture solutions to protect mobile workforces without sacrificing productivityĮnact Threat Detection & Incident Response Services to minimize damage and downtime from breaches
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Offer offensive security and compliance assurance professional services Provide Cloud Security Posture Assessments to help migrate to the cloud and deploy security architecture to keep data secure and maintain compliance The security experts at Rackspace Technology can help customers:Īutomate Cloud Native Application Security from design to production The company provides customers with modern solutions to secure applications and workloads across major cloud environments. Rackspace Technology meets customers wherever they are in their security journey, offering a unique, holistic managed services approach. Since last year’s National Cybersecurity Awareness Month, Rackspace Technology has continued to garner accolades from industry leaders including Leader in the 2022 ISG Provider Lens™ for Cybersecurity Solutions and Services - Managed Security Services – MidMarket U.S., Microsoft Intelligent Security Association Certified Managed Security Service Provider (MSSP), Certified AWS Perimeter Protection MSSP Partner, Cloudflare Worldwide MSSP Partner of the Year, and Imperva North America MSSP of the Year. “There is a lot of buzz about shifting security left in the app dev cycle, but there is a gap in implementation as enterprises modernize their architectures and move workloads to the cloud.” “While enterprises are moving workloads to the cloud, there is a lag in investing to also modernize security architecture with a cloud first technology approach,” said Gary Alterson, Vice President, Security Solutions at Rackspace Technology. This year, NCSAM is dedicated to strengthening security measures with the theme of “See Yourself in Cyber,” and Rackspace’s site is dedicated to helping organizations evolve their security postures in the multicloud era. 06, 2022 (GLOBE NEWSWIRE) - Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, has launched a new, dedicated cybersecurity micro site, in conjunction with National Cybersecurity Awareness Month (NCSAM), which takes place in October. With threat landscape evolving at a rapid pace, modernizing security needs to be a key component of digital transformation strategies
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