Share your insights or perspective on the financial matter presented in the input.

Why buy bonds in a no-arbitrage market?
It is my understanding that banks pay less than the going rate on savings accounts and require that the person who takes out a loan pay more than the going rate. That is how the bank gets its money.  Usually the going rate is affected by the current inflation rate (but that has not been true for the last few weeks). So that means that, typically, the money you have in the bank is, gradually, losing purchasing power as the bank typically pays you less than the inflation rate.  So if you want your money to keep pace with inflation (or do a bit better) then you should buy bonds.