Historical Year Data · 1999
UK 2Y Gilt Yield in 1999
UK 2Y Gilt Yield opened 1999 at 4.25% and closed at 5.38%, a +26.58% move for the year. The high of 5.87% was reached on October 14, and the low of 4.12% on January 22.
Open
4.25%
1999-01
Close
5.38%
252 data points
High
5.87%
Oct 14
Low
4.12%
Jan 22
Full Year Change
+26.58%
1998 Change
-29.93%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.25% | 4.13% | 4.35% | 4.12% | -2.84% |
| Feb | 4.15% | 4.56% | 4.56% | 4.15% | +9.81% |
| Mar | 4.64% | 4.53% | 4.73% | 4.46% | -2.37% |
| Apr | 4.57% | 4.63% | 4.64% | 4.41% | +1.31% |
| May | 4.75% | 4.92% | 4.92% | 4.71% | +3.64% |
| Jun | 5.01% | 5.10% | 5.30% | 4.95% | +1.90% |
| Jul | 5.19% | 5.36% | 5.38% | 5.13% | +3.36% |
| Aug | 5.30% | 5.17% | 5.49% | 5.10% | -2.41% |
| Sep | 5.24% | 5.63% | 5.71% | 5.24% | +7.33% |
| Oct | 5.74% | 5.38% | 5.87% | 5.38% | -6.34% |
| Nov | 5.35% | 5.15% | 5.35% | 4.93% | -3.70% |
| Dec | 5.16% | 5.38% | 5.38% | 5.02% | +4.16% |
Events During 1999
1990 Japanese Bubble Collapse
Deflation
January 1990 – 2003
The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.
1998 Euro Launch & 1999 Introduction
Goldilocks
May 1998 – January 2002
Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.
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