Historical Year Data · 2023
3-Month Bill Auction Bid-to-Cover in 2023
3-Month Bill Auction Bid-to-Cover opened 2023 at 2.5 and closed at 3.07, a +22.80% move for the year. The high of 3.16 was reached on October 16, and the low of 2.15 on March 13.
Open
2.5
2023-01
Close
3.07
52 data points
High
3.16
Oct 16
Low
2.15
Mar 13
Full Year Change
+22.80%
2022 Change
-16.78%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 2.5 | 2.47 | 2.69 | 2.47 | -1.20% |
| Feb | 2.69 | 2.59 | 2.72 | 2.59 | -3.72% |
| Mar | 2.93 | 2.51 | 2.93 | 2.15 | -14.33% |
| Apr | 2.49 | 2.74 | 2.74 | 2.28 | +10.04% |
| May | 2.44 | 2.38 | 2.79 | 2.38 | -2.46% |
| Jun | 3.15 | 2.99 | 3.15 | 2.58 | -5.08% |
| Jul | 3 | 2.93 | 3.12 | 2.92 | -2.33% |
| Aug | 2.83 | 3.04 | 3.12 | 2.83 | +7.42% |
| Sep | 2.94 | 2.77 | 2.98 | 2.77 | -5.78% |
| Oct | 2.77 | 2.78 | 3.16 | 2.77 | +0.36% |
| Nov | 2.91 | 2.87 | 2.91 | 2.76 | -1.37% |
| Dec | 2.98 | 3.07 | 3.07 | 2.89 | +3.02% |
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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