Historical Year Data · 2020
IG Credit Spread (OAS) in 2020
IG Credit Spread (OAS) opened 2020 at 101 bps and closed at 103 bps, a +1.98% move for the year. The high of 401 bps was reached on March 23, and the low of 99 bps on January 17.
Open
101 bps
2020-01
Close
103 bps
262 data points
High
401 bps
Mar 23
Low
99 bps
Jan 17
Full Year Change
+1.98%
2019 Change
-36.88%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 101 bps | 109 bps | 109 bps | 99 bps | +7.92% |
| Feb | 108 bps | 130 bps | 131 bps | 102 bps | +20.37% |
| Mar | 133 bps | 305 bps | 401 bps | 132 bps | +129.32% |
| Apr | 305 bps | 217 bps | 308 bps | 217 bps | -28.85% |
| May | 218 bps | 187 bps | 223 bps | 185 bps | -14.22% |
| Jun | 185 bps | 160 bps | 185 bps | 156 bps | -13.51% |
| Jul | 158 bps | 141 bps | 158 bps | 139 bps | -10.76% |
| Aug | 140 bps | 136 bps | 140 bps | 133 bps | -2.86% |
| Sep | 135 bps | 144 bps | 146 bps | 134 bps | +6.67% |
| Oct | 143 bps | 134 bps | 143 bps | 130 bps | -6.29% |
| Nov | 133 bps | 112 bps | 133 bps | 112 bps | -15.79% |
| Dec | 109 bps | 103 bps | 111 bps | 103 bps | -5.50% |
Events During 2020
2020 COVID Crash & Recovery
Deflation
February–April 2020
The fastest 30%+ decline in S&P 500 history, followed by the fastest recovery. COVID-19 pandemic triggered unprecedented monetary and fiscal intervention.
2019 Hong Kong Protests & Capital Outflows
Mixed
June 2019 – June 2020
Hong Kong's 2019 protests over an extradition bill and Beijing's 2020 National Security Law reshaped the territory's role as Asia's financial hub. Capital outflows, reduced multinational presence, and regulatory divergence from the West had durable effects on regional finance.
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