Historical Year Data · 2022
UK 10Y Gilt Yield in 2022
UK 10Y Gilt Yield opened 2022 at 1.11% and closed at 3.80%, a +241.26% move for the year. The high of 4.65% was reached on October 10, and the low of 1.10% on January 5.
Open
1.11%
2022-01
Close
3.80%
250 data points
High
4.65%
Oct 10
Low
1.10%
Jan 5
Full Year Change
+241.26%
2021 Change
+292.94%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 1.11% | 1.33% | 1.33% | 1.10% | +19.90% |
| Feb | 1.33% | 1.42% | 1.62% | 1.28% | +6.66% |
| Mar | 1.15% | 1.67% | 1.73% | 1.15% | +45.78% |
| Apr | 1.53% | 1.94% | 2.00% | 1.53% | +27.05% |
| May | 1.97% | 2.11% | 2.11% | 1.70% | +6.85% |
| Jun | 2.13% | 2.28% | 2.63% | 2.13% | +7.10% |
| Jul | 2.12% | 1.96% | 2.31% | 1.95% | -7.48% |
| Aug | 1.84% | 2.92% | 2.92% | 1.84% | +58.72% |
| Sep | 3.03% | 4.16% | 4.53% | 3.03% | +37.49% |
| Oct | 4.05% | 3.70% | 4.65% | 3.60% | -8.72% |
| Nov | 3.61% | 3.37% | 3.73% | 3.14% | -6.71% |
| Dec | 3.26% | 3.80% | 3.83% | 3.22% | +16.60% |
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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