Historical Year Data · 2023
IG Effective Yield in 2023
IG Effective Yield opened 2023 at 5.47% and closed at 5.14%, a -6.03% move for the year. The high of 6.44% was reached on October 19, and the low of 4.90% on February 2.
Open
5.47%
2023-01
Close
5.14%
260 data points
High
6.44%
Oct 19
Low
4.90%
Feb 2
Full Year Change
-6.03%
2022 Change
+124.08%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 5.47% | 5.03% | 5.47% | 4.95% | -8.04% |
| Feb | 4.94% | 5.56% | 5.57% | 4.90% | +12.55% |
| Mar | 5.65% | 5.24% | 5.68% | 5.18% | -7.26% |
| Apr | 5.16% | 5.15% | 5.28% | 5.06% | -0.19% |
| May | 5.29% | 5.43% | 5.60% | 5.09% | +2.65% |
| Jun | 5.38% | 5.55% | 5.58% | 5.38% | +3.16% |
| Jul | 5.59% | 5.52% | 5.73% | 5.41% | -1.25% |
| Aug | 5.59% | 5.66% | 5.90% | 5.58% | +1.25% |
| Sep | 5.73% | 6.07% | 6.08% | 5.73% | +5.93% |
| Oct | 6.18% | 6.37% | 6.44% | 6.08% | +3.07% |
| Nov | 6.25% | 5.67% | 6.25% | 5.60% | -9.28% |
| Dec | 5.54% | 5.14% | 5.59% | 5.09% | -7.22% |
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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