Series I Bonds Are Not as Attractive Long Run

I think we are absolutely coming to the time where series I bonds are not as attractive long run because of their 5 year holding period as they once were. Why not just do short term certificates of deposits and or treasury bills depending on your situation knowing that you keep it in there for that 3 months that 6 months you're not locked in for a year. Once interest rates have gone up then we'll start wanting to move into longer term certificates of deposit and treasuries to lock in that rate. So now you take your money out and what's happened is rather for this year than that you earning 5.95% with the penalty you only earned 4.7%. I personally think still a