Historical Year Data · 2003

10Y Real Yield (TIPS) in 2003

10Y Real Yield (TIPS) opened 2003 at 2.43% and closed at 2.00%, a -17.70% move for the year. The high of 2.46% was reached on January 6, and the low of 1.51% on June 13.

Open

2.43%

2003-01

2.00%

250 data points

High

2.46%

Jan 6

Low

1.51%

Jun 13

Full Year Change

-17.70%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	2.43%	2.19%	2.46%	2.14%	-9.88%
Feb	2.20%	1.77%	2.20%	1.77%	-19.55%
Mar	1.77%	2.03%	2.29%	1.68%	+14.69%
Apr	2.02%	2.16%	2.27%	2.02%	+6.93%
May	2.13%	1.77%	2.19%	1.71%	-16.90%
Jun	1.83%	1.90%	1.90%	1.51%	+3.83%
Jul	1.92%	2.41%	2.41%	1.88%	+25.52%
Aug	2.40%	2.29%	2.43%	2.24%	-4.58%
Sep	2.43%	1.95%	2.43%	1.95%	-19.75%
Oct	1.96%	1.93%	2.21%	1.91%	-1.53%
Nov	1.97%	2.03%	2.10%	1.82%	+3.05%
Dec	2.08%	2.00%	2.08%	1.90%	-3.85%

Events During 2003

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.

Next Year

10Y Real Yield (TIPS) in 2004→