Historical Year Data · 2022
Primary Dealer Total Treasury Fails (Deliver + Receive) in 2022
Primary Dealer Total Treasury Fails (Deliver + Receive) opened 2022 at 191,921 and closed at 287,675, a +49.89% move for the year. The high of 870,352 was reached on September 28, and the low of 188,119 on January 12.
Open
191,921
2022-01
Close
287,675
52 data points
High
870,352
Sep 28
Low
188,119
Jan 12
Full Year Change
+49.89%
2021 Change
+61.24%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 191,921 | 256,042 | 256,042 | 188,119 | +33.41% |
| Feb | 257,496 | 195,950 | 257,496 | 195,950 | -23.90% |
| Mar | 291,318 | 359,247 | 359,247 | 197,878 | +23.32% |
| Apr | 507,791 | 293,738 | 507,791 | 259,833 | -42.15% |
| May | 330,884 | 274,073 | 330,884 | 221,795 | -17.17% |
| Jun | 355,934 | 390,987 | 474,490 | 274,194 | +9.85% |
| Jul | 317,415 | 341,435 | 341,435 | 279,063 | +7.57% |
| Aug | 390,648 | 319,769 | 390,648 | 319,769 | -18.14% |
| Sep | 343,021 | 870,352 | 870,352 | 325,770 | +153.73% |
| Oct | 520,120 | 281,887 | 520,120 | 281,887 | -45.80% |
| Nov | 353,861 | 274,869 | 353,861 | 266,383 | -22.32% |
| Dec | 305,227 | 287,675 | 321,885 | 252,222 | -5.75% |
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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