Historical Year Data · 2022
10Y Note Net Speculative Positioning in 2022
10Y Note Net Speculative Positioning opened 2022 at -276,923 and closed at -344,209, a -24.30% move for the year. The high of -85,972 was reached on May 10, and the low of -476,557 on March 29.
Open
-276,923
2022-01
Close
-344,209
52 data points
High
-85,972
May 10
Low
-476,557
Mar 29
Full Year Change
-24.30%
2021 Change
-870.21%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -276,923 | -264,656 | -264,656 | -343,839 | +4.43% |
| Feb | -274,875 | -285,092 | -174,063 | -285,092 | -3.72% |
| Mar | -365,783 | -476,557 | -263,834 | -476,557 | -30.28% |
| Apr | -362,875 | -117,817 | -117,817 | -362,875 | +67.53% |
| May | -147,537 | -238,907 | -85,972 | -238,907 | -61.93% |
| Jun | -266,187 | -181,680 | -181,680 | -266,187 | +31.75% |
| Jul | -170,500 | -199,860 | -108,371 | -199,860 | -17.22% |
| Aug | -295,490 | -440,103 | -286,478 | -440,103 | -48.94% |
| Sep | -376,277 | -365,192 | -229,590 | -376,277 | +2.95% |
| Oct | -366,872 | -247,748 | -247,748 | -366,872 | +32.47% |
| Nov | -298,316 | -296,772 | -283,059 | -343,021 | +0.52% |
| Dec | -369,206 | -344,209 | -316,943 | -376,438 | +6.77% |
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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