Historical Year Data · 2022
UK 2Y Gilt Yield in 2022
UK 2Y Gilt Yield opened 2022 at 1.08% and closed at 3.73%, a +244.14% move for the year. The high of 4.54% was reached on October 10, and the low of 1.08% on January 4.
Open
1.08%
2022-01
Close
3.73%
250 data points
High
4.54%
Oct 10
Low
1.08%
Jan 4
Full Year Change
+244.14%
2021 Change
+327.29%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 1.08% | 1.32% | 1.32% | 1.08% | +22.10% |
| Feb | 1.32% | 1.43% | 1.58% | 1.26% | +8.07% |
| Mar | 1.16% | 1.63% | 1.70% | 1.16% | +40.46% |
| Apr | 1.63% | 1.92% | 1.99% | 1.56% | +17.68% |
| May | 1.95% | 2.13% | 2.13% | 1.72% | +9.10% |
| Jun | 2.15% | 2.29% | 2.64% | 2.15% | +6.92% |
| Jul | 2.12% | 1.93% | 2.27% | 1.92% | -9.08% |
| Aug | 1.85% | 2.86% | 2.86% | 1.85% | +54.65% |
| Sep | 2.97% | 4.10% | 4.43% | 2.96% | +38.17% |
| Oct | 3.98% | 3.62% | 4.54% | 3.54% | -9.05% |
| Nov | 3.54% | 3.25% | 3.70% | 3.08% | -8.21% |
| Dec | 3.20% | 3.73% | 3.74% | 3.14% | +16.67% |
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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