Historical Year Data · 2020
10Y-2Y Yield Spread in 2020
10Y-2Y Yield Spread opened 2020 at 30 bps and closed at 80 bps, a +166.67% move for the year. The high of 83 bps was reached on December 23, and the low of 12 bps on February 21.
Open
30 bps
2020-01
Close
80 bps
251 data points
High
83 bps
Dec 23
Low
12 bps
Feb 21
Full Year Change
+166.67%
2019 Change
+112.50%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 30 bps | 18 bps | 30 bps | 16 bps | -40.00% |
| Feb | 18 bps | 27 bps | 27 bps | 12 bps | +50.00% |
| Mar | 26 bps | 47 bps | 68 bps | 16 bps | +80.77% |
| Apr | 39 bps | 44 bps | 53 bps | 38 bps | +12.82% |
| May | 44 bps | 49 bps | 56 bps | 44 bps | +11.36% |
| Jun | 52 bps | 50 bps | 69 bps | 47 bps | -3.85% |
| Jul | 52 bps | 44 bps | 53 bps | 43 bps | -15.38% |
| Aug | 45 bps | 58 bps | 60 bps | 41 bps | +28.89% |
| Sep | 55 bps | 56 bps | 58 bps | 50 bps | +1.82% |
| Oct | 54 bps | 74 bps | 74 bps | 54 bps | +37.04% |
| Nov | 71 bps | 68 bps | 79 bps | 64 bps | -4.23% |
| Dec | 75 bps | 80 bps | 83 bps | 75 bps | +6.67% |
Events During 2020
2020 COVID Crash & Recovery
Deflation
February–April 2020
The fastest 30%+ decline in S&P 500 history, followed by the fastest recovery. COVID-19 pandemic triggered unprecedented monetary and fiscal intervention.
2019 Hong Kong Protests & Capital Outflows
Mixed
June 2019 – June 2020
Hong Kong's 2019 protests over an extradition bill and Beijing's 2020 National Security Law reshaped the territory's role as Asia's financial hub. Capital outflows, reduced multinational presence, and regulatory divergence from the West had durable effects on regional finance.
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