Historical Year Data · 2022
6-Month Bill Primary Dealer Share in 2022
6-Month Bill Primary Dealer Share opened 2022 at 33.88% and closed at 46.25%, a +36.50% move for the year. The high of 61.31% was reached on June 21, and the low of 24.78% on June 13.
Open
33.88%
2022-01
Close
46.25%
52 data points
High
61.31%
Jun 21
Low
24.78%
Jun 13
Full Year Change
+36.50%
2021 Change
+6.18%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 33.88% | 47.23% | 47.47% | 33.88% | +39.39% |
| Feb | 39.38% | 30.34% | 39.38% | 26.88% | -22.97% |
| Mar | 26.81% | 30.63% | 39.49% | 26.81% | +14.28% |
| Apr | 29.57% | 40.00% | 40.00% | 25.67% | +35.30% |
| May | 29.30% | 38.95% | 51.04% | 29.30% | +32.97% |
| Jun | 37.19% | 35.28% | 61.31% | 24.78% | -5.14% |
| Jul | 44.80% | 35.58% | 45.37% | 35.58% | -20.57% |
| Aug | 36.07% | 38.94% | 42.11% | 32.31% | +7.98% |
| Sep | 45.39% | 38.77% | 53.35% | 37.39% | -14.59% |
| Oct | 42.01% | 36.16% | 42.01% | 36.16% | -13.94% |
| Nov | 32.05% | 33.02% | 33.02% | 25.95% | +3.03% |
| Dec | 45.18% | 46.25% | 46.25% | 31.68% | +2.38% |
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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