Historical Year Data · 2022
HY Effective Yield in 2022
HY Effective Yield opened 2022 at 4.42% and closed at 8.87%, a +100.68% move for the year. The high of 9.50% was reached on September 29, and the low of 4.42% on January 3.
Open
4.42%
2022-01
Close
8.87%
261 data points
High
9.50%
Sep 29
Low
4.42%
Jan 3
Full Year Change
+100.68%
2021 Change
-1.14%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.42% | 5.22% | 5.22% | 4.42% | +18.10% |
| Feb | 5.11% | 5.50% | 5.72% | 5.03% | +7.63% |
| Mar | 5.46% | 5.79% | 6.28% | 5.46% | +6.04% |
| Apr | 5.86% | 6.84% | 6.84% | 5.80% | +16.72% |
| May | 7.01% | 7.00% | 7.72% | 6.88% | -0.14% |
| Jun | 7.03% | 8.88% | 8.88% | 7.03% | +26.32% |
| Jul | 8.83% | 7.56% | 8.84% | 7.50% | -14.38% |
| Aug | 7.51% | 8.34% | 8.34% | 7.19% | +11.05% |
| Sep | 8.51% | 9.50% | 9.50% | 7.99% | +11.63% |
| Oct | 9.37% | 8.92% | 9.50% | 8.73% | -4.80% |
| Nov | 8.91% | 8.46% | 9.31% | 8.46% | -5.05% |
| Dec | 8.26% | 8.87% | 8.87% | 8.10% | +7.38% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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