[squidproquo]

This is not a great investment. It's pays it's base rate (0.0%) plus inflation (7.12%). The rate is based on inflation and is reset every 6 months, and I'm assuming the base rate of (0.0%) doesn't change. It may make sense for some people who are risk-averse and already have savings in a bank account that is getting demolished by low rates and high inflation.

[loeg]

Right, the base rate never changes for the life of the bond, and it generally outperforms cash while also being zero-risk.