Historical Year Data · 2023
HY Effective Yield in 2023
HY Effective Yield opened 2023 at 8.73% and closed at 7.39%, a -15.35% move for the year. The high of 9.45% was reached on October 20, and the low of 7.27% on December 27.
Open
8.73%
2023-01
Close
7.39%
260 data points
High
9.45%
Oct 20
Low
7.27%
Dec 27
Full Year Change
-15.35%
2022 Change
+100.68%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 8.73% | 8.02% | 8.73% | 7.82% | -8.13% |
| Feb | 7.93% | 8.51% | 8.73% | 7.56% | +7.31% |
| Mar | 8.57% | 8.31% | 8.88% | 8.31% | -3.03% |
| Apr | 8.25% | 8.19% | 8.37% | 8.13% | -0.73% |
| May | 8.25% | 8.64% | 8.68% | 8.25% | +4.73% |
| Jun | 8.54% | 8.35% | 8.57% | 8.29% | -2.22% |
| Jul | 8.35% | 8.14% | 8.61% | 8.04% | -2.51% |
| Aug | 8.23% | 8.27% | 8.57% | 8.22% | +0.49% |
| Sep | 8.28% | 8.80% | 8.85% | 8.28% | +6.28% |
| Oct | 8.96% | 9.38% | 9.45% | 8.96% | +4.69% |
| Nov | 9.29% | 8.30% | 9.29% | 8.18% | -10.66% |
| Dec | 8.19% | 7.39% | 8.19% | 7.27% | -9.77% |
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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