Historical Year Data · 1999
2-Year Note Auction Bid-to-Cover in 1999
2-Year Note Auction Bid-to-Cover opened 1999 at 2.69 and closed at 2.1, a -21.93% move for the year. The high of 2.69 was reached on October 27, and the low of 2.1 on December 22.
Open
2.69
1999-01
Close
2.1
3 data points
High
2.69
Oct 27
Low
2.1
Dec 22
Full Year Change
-21.93%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Oct | 2.69 | 2.69 | 2.69 | 2.69 | +0.00% |
| Nov | 2.46 | 2.46 | 2.46 | 2.46 | +0.00% |
| Dec | 2.1 | 2.1 | 2.1 | 2.1 | +0.00% |
Events During 1999
1990 Japanese Bubble Collapse
Deflation
January 1990 – 2003
The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.
1998 Euro Launch & 1999 Introduction
Goldilocks
May 1998 – January 2002
Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.
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