Historical Year Data · 1999
10Y-2Y Yield Spread in 1999
10Y-2Y Yield Spread opened 1999 at 11 bps and closed at 21 bps, a +90.91% move for the year. The high of 40 bps was reached on May 11, and the low of 5 bps on January 22.
Open
11 bps
1999-01
Close
21 bps
251 data points
High
40 bps
May 11
Low
5 bps
Jan 22
Full Year Change
+90.91%
1998 Change
+37.50%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 11 bps | 8 bps | 16 bps | 5 bps | -27.27% |
| Feb | 10 bps | 16 bps | 17 bps | 9 bps | +60.00% |
| Mar | 20 bps | 26 bps | 26 bps | 12 bps | +30.00% |
| Apr | 26 bps | 28 bps | 28 bps | 13 bps | +7.69% |
| May | 30 bps | 22 bps | 40 bps | 19 bps | -26.67% |
| Jun | 24 bps | 28 bps | 33 bps | 24 bps | +16.67% |
| Jul | 27 bps | 29 bps | 29 bps | 18 bps | +7.41% |
| Aug | 27 bps | 25 bps | 37 bps | 19 bps | -7.41% |
| Sep | 25 bps | 27 bps | 29 bps | 20 bps | +8.00% |
| Oct | 27 bps | 23 bps | 27 bps | 22 bps | -14.81% |
| Nov | 23 bps | 17 bps | 23 bps | 12 bps | -26.09% |
| Dec | 17 bps | 21 bps | 21 bps | 15 bps | +23.53% |
Events During 1999
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.
1998 Euro Launch & 1999 Introduction
Goldilocks
May 1998 – January 2002
Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.
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