[stuuuuuuuuu]

In addition to the comments about APY, this analysis also assumes that you'll get the same 2.32% rate when you buy another bond three months from now, six months from now, etc.--correct me if I'm wrong, but that rate isn't guaranteed to hold up through the year.

[haidut]

Yes, that's why I said in my post "assuming rates stay the same". But thanks for chiming in anyways.