Historical Year Data · 2016
BBB Credit Spread in 2016
BBB Credit Spread opened 2016 at 242 bps and closed at 166 bps, a -31.40% move for the year. The high of 303 bps was reached on February 11, and the low of 163 bps on December 29.
Open
242 bps
2016-01
Close
166 bps
262 data points
High
303 bps
Feb 11
Low
163 bps
Dec 29
Full Year Change
-31.40%
2015 Change
+21.11%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 242 bps | 279 bps | 280 bps | 241 bps | +15.29% |
| Feb | 280 bps | 282 bps | 303 bps | 280 bps | +0.71% |
| Mar | 277 bps | 231 bps | 277 bps | 231 bps | -16.61% |
| Apr | 231 bps | 207 bps | 231 bps | 206 bps | -10.39% |
| May | 206 bps | 207 bps | 212 bps | 206 bps | +0.49% |
| Jun | 207 bps | 213 bps | 216 bps | 204 bps | +2.90% |
| Jul | 212 bps | 197 bps | 212 bps | 192 bps | -7.08% |
| Aug | 197 bps | 183 bps | 198 bps | 181 bps | -7.11% |
| Sep | 183 bps | 185 bps | 186 bps | 182 bps | +1.09% |
| Oct | 184 bps | 178 bps | 184 bps | 174 bps | -3.26% |
| Nov | 180 bps | 175 bps | 183 bps | 175 bps | -2.78% |
| Dec | 174 bps | 166 bps | 174 bps | 163 bps | -4.60% |
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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