Historical Year Data · 2023
CVRP, Convex Recession Probability in 2023
CVRP, Convex Recession Probability opened 2023 at 47.00 and closed at 39.00, a -17.02% move for the year. The high of 62.00 was reached on March 25, and the low of 35.00 on September 16.
Open
47.00
2023-01
Close
39.00
365 data points
High
62.00
Mar 25
Low
35.00
Sep 16
Full Year Change
-17.02%
2022 Change
+433.33%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 47.00 | 45.00 | 50.00 | 44.00 | -4.26% |
| Feb | 45.00 | 43.00 | 45.00 | 40.00 | -4.44% |
| Mar | 41.00 | 54.00 | 62.00 | 40.00 | +31.71% |
| Apr | 52.00 | 48.00 | 56.00 | 47.00 | -7.69% |
| May | 48.00 | 50.00 | 55.00 | 47.00 | +4.17% |
| Jun | 50.00 | 48.00 | 54.00 | 46.00 | -4.00% |
| Jul | 49.00 | 43.00 | 49.00 | 43.00 | -12.24% |
| Aug | 44.00 | 45.00 | 51.00 | 44.00 | +2.27% |
| Sep | 47.00 | 39.00 | 47.00 | 35.00 | -17.02% |
| Oct | 43.00 | 48.00 | 50.00 | 43.00 | +11.63% |
| Nov | 49.00 | 42.00 | 49.00 | 40.00 | -14.29% |
| Dec | 40.00 | 39.00 | 42.00 | 37.00 | -2.50% |
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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