Historical Year Data · 2016
IG Effective Yield in 2016
IG Effective Yield opened 2016 at 3.66% and closed at 3.39%, a -7.38% move for the year. The high of 3.69% was reached on February 17, and the low of 2.76% on July 29.
Open
3.66%
2016-01
Close
3.39%
262 data points
High
3.69%
Feb 17
Low
2.76%
Jul 29
Full Year Change
-7.38%
2015 Change
+15.72%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 3.66% | 3.62% | 3.67% | 3.55% | -1.09% |
| Feb | 3.66% | 3.55% | 3.69% | 3.55% | -3.01% |
| Mar | 3.60% | 3.21% | 3.60% | 3.21% | -10.83% |
| Apr | 3.21% | 3.07% | 3.21% | 3.06% | -4.36% |
| May | 3.10% | 3.14% | 3.18% | 3.03% | +1.29% |
| Jun | 3.15% | 2.90% | 3.15% | 2.88% | -7.94% |
| Jul | 2.86% | 2.77% | 2.86% | 2.76% | -3.15% |
| Aug | 2.79% | 2.79% | 2.85% | 2.76% | +0.00% |
| Sep | 2.79% | 2.84% | 2.93% | 2.76% | +1.79% |
| Oct | 2.86% | 2.97% | 2.97% | 2.86% | +3.85% |
| Nov | 2.96% | 3.40% | 3.40% | 2.95% | +14.86% |
| Dec | 3.45% | 3.39% | 3.52% | 3.36% | -1.74% |
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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