Historical Year Data · 2022
2-Year Note Auction High Yield in 2022
2-Year Note Auction High Yield opened 2022 at 0.99% and closed at 4.37%, a +341.72% move for the year. The high of 4.50% was reached on November 21, and the low of 0.99% on January 24.
Open
0.99%
2022-01
Close
4.37%
12 data points
High
4.50%
Nov 21
Low
0.99%
Jan 24
Full Year Change
+341.72%
2021 Change
+515.20%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 0.99% | 0.99% | 0.99% | 0.99% | +0.00% |
| Feb | 1.55% | 1.55% | 1.55% | 1.55% | +0.00% |
| Mar | 2.37% | 2.37% | 2.37% | 2.37% | +0.00% |
| Apr | 2.58% | 2.58% | 2.58% | 2.58% | +0.00% |
| May | 2.52% | 2.52% | 2.52% | 2.52% | +0.00% |
| Jun | 3.08% | 3.08% | 3.08% | 3.08% | +0.00% |
| Jul | 3.02% | 3.02% | 3.02% | 3.02% | +0.00% |
| Aug | 3.31% | 3.31% | 3.31% | 3.31% | +0.00% |
| Sep | 4.29% | 4.29% | 4.29% | 4.29% | +0.00% |
| Oct | 4.46% | 4.46% | 4.46% | 4.46% | +0.00% |
| Nov | 4.50% | 4.50% | 4.50% | 4.50% | +0.00% |
| Dec | 4.37% | 4.37% | 4.37% | 4.37% | +0.00% |
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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