Historical Year Data · 2023
2-Year Note Auction High Yield in 2023
2-Year Note Auction High Yield opened 2023 at 4.14% and closed at 4.31%, a +4.23% move for the year. The high of 5.08% was reached on September 26, and the low of 3.95% on March 27.
Open
4.14%
2023-01
Close
4.31%
12 data points
High
5.08%
Sep 26
Low
3.95%
Mar 27
Full Year Change
+4.23%
2022 Change
+341.72%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.14% | 4.14% | 4.14% | 4.14% | +0.00% |
| Feb | 4.67% | 4.67% | 4.67% | 4.67% | +0.00% |
| Mar | 3.95% | 3.95% | 3.95% | 3.95% | +0.00% |
| Apr | 3.97% | 3.97% | 3.97% | 3.97% | +0.00% |
| May | 4.30% | 4.30% | 4.30% | 4.30% | +0.00% |
| Jun | 4.67% | 4.67% | 4.67% | 4.67% | +0.00% |
| Jul | 4.82% | 4.82% | 4.82% | 4.82% | +0.00% |
| Aug | 5.02% | 5.02% | 5.02% | 5.02% | +0.00% |
| Sep | 5.08% | 5.08% | 5.08% | 5.08% | +0.00% |
| Oct | 5.05% | 5.05% | 5.05% | 5.05% | +0.00% |
| Nov | 4.89% | 4.89% | 4.89% | 4.89% | +0.00% |
| Dec | 4.31% | 4.31% | 4.31% | 4.31% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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