Historical Year Data · 2022
Primary Dealer Net Positions — US Treasuries in 2022
Primary Dealer Net Positions — US Treasuries opened 2022 at 112,141 and closed at 149,809, a +33.59% move for the year. The high of 190,583 was reached on November 23, and the low of 77,441 on June 15.
Open
112,141
2022-01
Close
149,809
52 data points
High
190,583
Nov 23
Low
77,441
Jun 15
Full Year Change
+33.59%
2021 Change
-54.27%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 112,141 | 117,761 | 127,389 | 112,141 | +5.01% |
| Feb | 127,610 | 149,957 | 149,957 | 118,398 | +17.51% |
| Mar | 168,677 | 114,320 | 168,677 | 111,492 | -32.23% |
| Apr | 111,717 | 108,270 | 120,814 | 104,317 | -3.09% |
| May | 110,770 | 119,318 | 124,230 | 108,939 | +7.72% |
| Jun | 132,148 | 105,672 | 132,148 | 77,441 | -20.04% |
| Jul | 137,617 | 138,656 | 138,656 | 124,206 | +0.75% |
| Aug | 116,283 | 140,010 | 144,032 | 116,168 | +20.40% |
| Sep | 138,046 | 124,616 | 138,046 | 104,071 | -9.73% |
| Oct | 160,939 | 167,155 | 167,155 | 145,359 | +3.86% |
| Nov | 150,360 | 158,640 | 190,583 | 147,150 | +5.51% |
| Dec | 158,662 | 149,809 | 175,792 | 149,809 | -5.58% |
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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