Historical Year Data · 2006

30-Year Bond Auction Bid-to-Cover in 2006

30-Year Bond Auction Bid-to-Cover opened 2006 at 2.05 and closed at 1.77, a -13.66% move for the year. The high of 2.05 was reached on February 9, and the low of 1.77 on August 10.

Open

2.05

2006-01

1.77

2 data points

High

2.05

Feb 9

Low

1.77

Aug 10

Full Year Change

-13.66%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Feb	2.05	2.05	2.05	2.05	+0.00%
Aug	1.77	1.77	1.77	1.77	+0.00%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

Next Year

30-Year Bond Auction Bid-to-Cover in 2007→