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Historical Year Data · 1988

5-Year Note Auction High Yield in 1988

5-Year Note Auction High Yield opened 1988 at 7.66% and closed at 8.98%, a +17.23% move for the year. The high of 9.04% was reached on August 24, and the low of 7.66% on February 25.

Open
7.66%
1988-01
Close
8.98%
5 data points
High
9.04%
Aug 24
Low
7.66%
Feb 25
Full Year Change
+17.23%
1987 Change
+23.29%

Monthly Breakdown

MonthOpenCloseHighLowChange
Feb7.66%7.66%7.66%7.66%+0.00%
May8.24%8.77%8.77%8.24%+6.43%
Aug9.04%9.04%9.04%9.04%+0.00%
Nov8.98%8.98%8.98%8.98%+0.00%

Events During 1988

1982 Latin American Debt Crisis
Deflation
August 1982 – 1989

Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.

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Related Metrics

2-Year Note Auction Bid-to-Cover
1988
2-Year Note Indirect Bidder Share
1988
2-Year Note Direct Bidder Share
1988
2-Year Note Primary Dealer Share
1988
2-Year Note Auction High Yield
1988
5-Year Note Auction Bid-to-Cover
1988

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