Historical Year Data · 2023
Baa-10Y Treasury Spread in 2023
Baa-10Y Treasury Spread opened 2023 at 2.03% and closed at 1.61%, a -20.69% move for the year. The high of 2.28% was reached on May 16, and the low of 1.57% on December 14.
Open
2.03%
2023-01
Close
1.61%
249 data points
High
2.28%
May 16
Low
1.57%
Dec 14
Full Year Change
-20.69%
2022 Change
+9.34%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 2.03% | 1.90% | 2.07% | 1.87% | -6.40% |
| Feb | 1.91% | 1.90% | 1.91% | 1.77% | -0.52% |
| Mar | 1.84% | 2.11% | 2.26% | 1.79% | +14.67% |
| Apr | 2.11% | 2.08% | 2.14% | 2.01% | -1.42% |
| May | 2.06% | 2.16% | 2.28% | 2.06% | +4.85% |
| Jun | 2.15% | 1.88% | 2.15% | 1.88% | -12.56% |
| Jul | 1.85% | 1.77% | 1.91% | 1.77% | -4.32% |
| Aug | 1.77% | 1.83% | 1.93% | 1.76% | +3.39% |
| Sep | 1.82% | 1.78% | 1.84% | 1.66% | -2.20% |
| Oct | 1.78% | 1.85% | 1.88% | 1.78% | +3.93% |
| Nov | 1.91% | 1.67% | 1.91% | 1.67% | -12.57% |
| Dec | 1.71% | 1.61% | 1.71% | 1.57% | -5.85% |
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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