Historical Year Data · 2023
Financial Conditions (NFCI) in 2023
Financial Conditions (NFCI) opened 2023 at -0.25 and closed at -0.37, a -49.14% move for the year. The high of -0.16 was reached on March 31, and the low of -0.37 on December 29.
Open
-0.25
2023-01
Close
-0.37
52 data points
High
-0.16
Mar 31
Low
-0.37
Dec 29
Full Year Change
-49.14%
2022 Change
+60.02%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -0.25 | -0.31 | -0.25 | -0.31 | -25.01% |
| Feb | -0.32 | -0.27 | -0.27 | -0.32 | +13.85% |
| Mar | -0.24 | -0.16 | -0.16 | -0.24 | +35.87% |
| Apr | -0.16 | -0.19 | -0.16 | -0.19 | -22.35% |
| May | -0.20 | -0.21 | -0.20 | -0.21 | -6.40% |
| Jun | -0.22 | -0.23 | -0.22 | -0.23 | -6.09% |
| Jul | -0.24 | -0.28 | -0.24 | -0.28 | -18.36% |
| Aug | -0.30 | -0.34 | -0.30 | -0.34 | -12.35% |
| Sep | -0.34 | -0.32 | -0.32 | -0.34 | +7.69% |
| Oct | -0.30 | -0.29 | -0.29 | -0.30 | +5.37% |
| Nov | -0.29 | -0.32 | -0.29 | -0.32 | -10.29% |
| Dec | -0.33 | -0.37 | -0.33 | -0.37 | -10.54% |
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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