EU Gov Bond ETF in 2015
EU Gov Bond ETF opened 2015 at 4.63 and closed at 4.14, a -10.63% move for the year. The high of 4.66 was reached on April 15, and the low of 3.84 on June 10.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Apr | 4.63 | 4.2 | 4.66 | 4.2 | -9.18% |
| May | 4.18 | 4.22 | 4.23 | 3.97 | +0.93% |
| Jun | 4.19 | 3.99 | 4.19 | 3.84 | -4.75% |
| Jul | 3.94 | 4.18 | 4.2 | 3.94 | +6.19% |
| Aug | 4.23 | 4.13 | 4.28 | 4.07 | -2.39% |
| Sep | 4.09 | 4.19 | 4.19 | 3.98 | +2.52% |
| Oct | 4.2 | 4.2 | 4.27 | 4.07 | -0.05% |
| Nov | 4.2 | 4.37 | 4.37 | 4.17 | +3.97% |
| Dec | 4.39 | 4.14 | 4.41 | 4.14 | -5.72% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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