Historical Year Data · 2016
IG Credit Spread (OAS) in 2016
IG Credit Spread (OAS) opened 2016 at 173 bps and closed at 130 bps, a -24.86% move for the year. The high of 221 bps was reached on February 11, and the low of 128 bps on December 27.
Open
173 bps
2016-01
Close
130 bps
262 data points
High
221 bps
Feb 11
Low
128 bps
Dec 27
Full Year Change
-24.86%
2015 Change
+19.31%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 173 bps | 202 bps | 202 bps | 173 bps | +16.76% |
| Feb | 202 bps | 205 bps | 221 bps | 202 bps | +1.49% |
| Mar | 202 bps | 170 bps | 202 bps | 170 bps | -15.84% |
| Apr | 169 bps | 152 bps | 170 bps | 152 bps | -10.06% |
| May | 152 bps | 154 bps | 157 bps | 152 bps | +1.32% |
| Jun | 154 bps | 162 bps | 164 bps | 154 bps | +5.19% |
| Jul | 161 bps | 150 bps | 161 bps | 146 bps | -6.83% |
| Aug | 150 bps | 139 bps | 151 bps | 138 bps | -7.33% |
| Sep | 139 bps | 143 bps | 143 bps | 139 bps | +2.88% |
| Oct | 142 bps | 138 bps | 142 bps | 135 bps | -2.82% |
| Nov | 139 bps | 136 bps | 141 bps | 135 bps | -2.16% |
| Dec | 135 bps | 130 bps | 135 bps | 128 bps | -3.70% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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