Historical Year Data · 1991

10Y-2Y Yield Spread in 1991

10Y-2Y Yield Spread opened 1991 at 89 bps and closed at 194 bps, a +117.98% move for the year. The high of 218 bps was reached on December 11, and the low of 85 bps on January 3.

Open

89 bps

1991-01

194 bps

250 data points

High

218 bps

Dec 11

Low

85 bps

Jan 3

Full Year Change

+117.98%

1990 Change

+1228.57%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	89 bps	98 bps	115 bps	85 bps	+10.11%
Feb	108 bps	98 bps	108 bps	92 bps	-9.26%
Mar	94 bps	103 bps	109 bps	94 bps	+9.57%
Apr	106 bps	122 bps	122 bps	103 bps	+15.09%
May	121 bps	138 bps	146 bps	118 bps	+14.05%
Jun	135 bps	134 bps	143 bps	126 bps	-0.74%
Jul	129 bps	139 bps	140 bps	127 bps	+7.75%
Aug	136 bps	146 bps	164 bps	135 bps	+7.35%
Sep	148 bps	148 bps	152 bps	138 bps	+0.00%
Oct	146 bps	177 bps	177 bps	146 bps	+21.23%
Nov	183 bps	200 bps	200 bps	172 bps	+9.29%
Dec	199 bps	194 bps	218 bps	194 bps	-2.51%

Events During 1991

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

Previous Year

← 10Y-2Y Yield Spread in 1990

Next Year

10Y-2Y Yield Spread in 1992→