Historical Year Data · 1985
10Y-3M Yield Spread in 1985
10Y-3M Yield Spread opened 1985 at 360 bps and closed at 172 bps, a -52.22% move for the year. The high of 364 bps was reached on January 14, and the low of 172 bps on December 31.
Open
360 bps
1985-01
Close
172 bps
248 data points
High
364 bps
Jan 14
Low
172 bps
Dec 31
Full Year Change
-52.22%
1984 Change
+36.65%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 360 bps | 284 bps | 364 bps | 284 bps | -21.11% |
| Feb | 282 bps | 310 bps | 314 bps | 281 bps | +9.93% |
| Mar | 288 bps | 318 bps | 326 bps | 282 bps | +10.42% |
| Apr | 322 bps | 329 bps | 336 bps | 302 bps | +2.17% |
| May | 326 bps | 290 bps | 326 bps | 290 bps | -11.04% |
| Jun | 281 bps | 320 bps | 333 bps | 267 bps | +13.88% |
| Jul | 310 bps | 305 bps | 317 bps | 287 bps | -1.61% |
| Aug | 299 bps | 290 bps | 315 bps | 283 bps | -3.01% |
| Sep | 289 bps | 304 bps | 327 bps | 288 bps | +5.19% |
| Oct | 303 bps | 259 bps | 314 bps | 255 bps | -14.52% |
| Nov | 254 bps | 220 bps | 254 bps | 211 bps | -13.39% |
| Dec | 219 bps | 172 bps | 221 bps | 172 bps | -21.46% |
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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