Historical Year Data · 1982
10Y-2Y Yield Spread in 1982
10Y-2Y Yield Spread opened 1982 at 32 bps and closed at 88 bps, a +175.00% move for the year. The high of 104 bps was reached on August 20, and the low of -71 bps on February 18.
Open
32 bps
1982-01
Close
88 bps
249 data points
High
104 bps
Aug 20
Low
-71 bps
Feb 18
Full Year Change
+175.00%
1981 Change
+151.47%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 32 bps | -10 bps | 40 bps | -37 bps | -131.25% |
| Feb | -46 bps | -41 bps | -20 bps | -71 bps | +10.87% |
| Mar | -40 bps | -34 bps | -4 bps | -47 bps | +15.00% |
| Apr | -32 bps | -12 bps | -12 bps | -53 bps | +62.50% |
| May | -18 bps | 9 bps | 9 bps | -38 bps | +150.00% |
| Jun | 1 bps | -22 bps | 1 bps | -34 bps | -2300.00% |
| Jul | -20 bps | 51 bps | 58 bps | -24 bps | +355.00% |
| Aug | 59 bps | 82 bps | 104 bps | 45 bps | +38.98% |
| Sep | 76 bps | 50 bps | 78 bps | 30 bps | -34.21% |
| Oct | 38 bps | 86 bps | 102 bps | 21 bps | +126.32% |
| Nov | 88 bps | 83 bps | 88 bps | 63 bps | -5.68% |
| Dec | 78 bps | 88 bps | 103 bps | 73 bps | +12.82% |
Events During 1982
1979 Volcker Shock
Stagflation
October 1979 – August 1982
Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.
1982 Latin American Debt Crisis
Deflation
August 1982 – 1989
Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.
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