Historical Year Data · 2022
Aaa-10Y Treasury Spread in 2022
Aaa-10Y Treasury Spread opened 2022 at 1.16% and closed at 0.82%, a -29.31% move for the year. The high of 1.55% was reached on March 8, and the low of 0.71% on December 12.
Open
1.16%
2022-01
Close
0.82%
249 data points
High
1.55%
Mar 8
Low
0.71%
Dec 12
Full Year Change
-29.31%
2021 Change
-11.85%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 1.16% | 1.27% | 1.27% | 1.08% | +9.48% |
| Feb | 1.27% | 1.43% | 1.43% | 1.22% | +12.60% |
| Mar | 1.48% | 1.06% | 1.55% | 1.05% | -28.38% |
| Apr | 0.93% | 1.12% | 1.15% | 0.88% | +20.43% |
| May | 1.19% | 1.15% | 1.34% | 1.14% | -3.36% |
| Jun | 1.08% | 1.21% | 1.21% | 1.01% | +12.04% |
| Jul | 1.38% | 1.18% | 1.38% | 1.04% | -14.49% |
| Aug | 1.20% | 1.12% | 1.21% | 1.11% | -6.67% |
| Sep | 1.15% | 1.08% | 1.22% | 0.86% | -6.09% |
| Oct | 1.17% | 1.08% | 1.20% | 1.01% | -7.69% |
| Nov | 1.02% | 0.98% | 1.20% | 0.85% | -3.92% |
| Dec | 0.90% | 0.82% | 0.90% | 0.71% | -8.89% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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