Historical Year Data · 1986
10Y-2Y Yield Spread in 1986
10Y-2Y Yield Spread opened 1986 at 102 bps and closed at 88 bps, a -13.73% move for the year. The high of 124 bps was reached on October 15, and the low of 42 bps on February 28.
Open
102 bps
1986-01
Close
88 bps
250 data points
High
124 bps
Oct 15
Low
42 bps
Feb 28
Full Year Change
-13.73%
1985 Change
-38.92%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 102 bps | 109 bps | 111 bps | 97 bps | +6.86% |
| Feb | 105 bps | 42 bps | 105 bps | 42 bps | -60.00% |
| Mar | 44 bps | 47 bps | 67 bps | 44 bps | +6.82% |
| Apr | 48 bps | 55 bps | 69 bps | 43 bps | +14.58% |
| May | 60 bps | 69 bps | 70 bps | 56 bps | +15.00% |
| Jun | 82 bps | 54 bps | 82 bps | 49 bps | -34.15% |
| Jul | 57 bps | 77 bps | 77 bps | 56 bps | +35.09% |
| Aug | 78 bps | 101 bps | 101 bps | 73 bps | +29.49% |
| Sep | 104 bps | 107 bps | 120 bps | 104 bps | +2.88% |
| Oct | 105 bps | 108 bps | 124 bps | 105 bps | +2.86% |
| Nov | 108 bps | 94 bps | 108 bps | 90 bps | -12.96% |
| Dec | 93 bps | 88 bps | 93 bps | 77 bps | -5.38% |
Events During 1986
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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