Historical Year Data · 2020
AAA Credit Spread in 2020
AAA Credit Spread opened 2020 at 53 bps and closed at 55 bps, a +3.77% move for the year. The high of 235 bps was reached on March 20, and the low of 53 bps on January 2.
Open
53 bps
2020-01
Close
55 bps
262 data points
High
235 bps
Mar 20
Low
53 bps
Jan 2
Full Year Change
+3.77%
2019 Change
-32.47%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 53 bps | 61 bps | 61 bps | 53 bps | +15.09% |
| Feb | 61 bps | 77 bps | 77 bps | 56 bps | +26.23% |
| Mar | 76 bps | 126 bps | 235 bps | 73 bps | +65.79% |
| Apr | 135 bps | 105 bps | 137 bps | 100 bps | -22.22% |
| May | 105 bps | 80 bps | 110 bps | 80 bps | -23.81% |
| Jun | 79 bps | 81 bps | 82 bps | 71 bps | +2.53% |
| Jul | 79 bps | 73 bps | 79 bps | 68 bps | -7.59% |
| Aug | 72 bps | 74 bps | 76 bps | 70 bps | +2.78% |
| Sep | 73 bps | 78 bps | 80 bps | 72 bps | +6.85% |
| Oct | 78 bps | 72 bps | 78 bps | 68 bps | -7.69% |
| Nov | 71 bps | 59 bps | 71 bps | 59 bps | -16.90% |
| Dec | 57 bps | 55 bps | 61 bps | 54 bps | -3.51% |
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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