Historical Year Data · 2022
6-Month Bill Auction High Yield in 2022
6-Month Bill Auction High Yield opened 2022 at 0.22% and closed at 4.78%, a +2041.26% move for the year. The high of 4.81% was reached on December 12, and the low of 0.22% on January 3.
Open
0.22%
2022-01
Close
4.78%
52 data points
High
4.81%
Dec 12
Low
0.22%
Jan 3
Full Year Change
+2041.26%
2021 Change
+134.07%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 0.22% | 0.51% | 0.51% | 0.22% | +127.80% |
| Feb | 0.59% | 0.68% | 0.78% | 0.59% | +15.59% |
| Mar | 0.72% | 1.07% | 1.07% | 0.72% | +48.20% |
| Apr | 1.13% | 1.40% | 1.40% | 1.13% | +23.59% |
| May | 1.45% | 1.61% | 1.61% | 1.41% | +11.38% |
| Jun | 1.75% | 2.57% | 2.57% | 1.75% | +46.77% |
| Jul | 2.57% | 3.00% | 3.00% | 2.57% | +17.06% |
| Aug | 2.93% | 3.33% | 3.33% | 2.93% | +13.71% |
| Sep | 3.42% | 3.98% | 3.98% | 3.42% | +16.27% |
| Oct | 3.98% | 4.61% | 4.61% | 3.98% | +15.67% |
| Nov | 4.66% | 4.72% | 4.72% | 4.61% | +1.37% |
| Dec | 4.74% | 4.78% | 4.81% | 4.72% | +0.67% |
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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