Historical Year Data · 1985
10Y-2Y Yield Spread in 1985
10Y-2Y Yield Spread opened 1985 at 167 bps and closed at 102 bps, a -38.92% move for the year. The high of 167 bps was reached on January 2, and the low of 100 bps on December 27.
Open
167 bps
1985-01
Close
102 bps
248 data points
High
167 bps
Jan 2
Low
100 bps
Dec 27
Full Year Change
-38.92%
1984 Change
+54.55%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 167 bps | 127 bps | 167 bps | 127 bps | -23.95% |
| Feb | 125 bps | 125 bps | 142 bps | 125 bps | +0.00% |
| Mar | 113 bps | 122 bps | 122 bps | 106 bps | +7.96% |
| Apr | 121 bps | 150 bps | 150 bps | 121 bps | +23.97% |
| May | 145 bps | 136 bps | 153 bps | 136 bps | -6.21% |
| Jun | 133 bps | 158 bps | 160 bps | 129 bps | +18.80% |
| Jul | 153 bps | 156 bps | 164 bps | 145 bps | +1.96% |
| Aug | 147 bps | 132 bps | 152 bps | 127 bps | -10.20% |
| Sep | 129 bps | 143 bps | 156 bps | 129 bps | +10.85% |
| Oct | 146 bps | 131 bps | 152 bps | 125 bps | -10.27% |
| Nov | 128 bps | 113 bps | 128 bps | 107 bps | -11.72% |
| Dec | 115 bps | 102 bps | 124 bps | 100 bps | -11.30% |
Events During 1985
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.
1985 Plaza Accord
Reflation
September 22, 1985
G5 finance ministers agreed at the Plaza Hotel in New York to coordinate intervention that weakened the dollar. The accord engineered a 50% decline in DXY over two years and set the stage for the 1987 crash and Japan's bubble.
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