Historical Year Data · 1986
10Y-3M Yield Spread in 1986
10Y-3M Yield Spread opened 1986 at 171 bps and closed at 140 bps, a -18.13% move for the year. The high of 232 bps was reached on September 12, and the low of 80 bps on March 3.
Open
171 bps
1986-01
Close
140 bps
250 data points
High
232 bps
Sep 12
Low
80 bps
Mar 3
Full Year Change
-18.13%
1985 Change
-52.22%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 171 bps | 189 bps | 205 bps | 168 bps | +10.53% |
| Feb | 180 bps | 89 bps | 180 bps | 89 bps | -50.56% |
| Mar | 80 bps | 86 bps | 119 bps | 80 bps | +7.50% |
| Apr | 85 bps | 110 bps | 126 bps | 80 bps | +29.41% |
| May | 116 bps | 156 bps | 159 bps | 116 bps | +34.48% |
| Jun | 176 bps | 122 bps | 176 bps | 116 bps | -30.68% |
| Jul | 120 bps | 138 bps | 146 bps | 119 bps | +15.00% |
| Aug | 140 bps | 164 bps | 164 bps | 130 bps | +17.14% |
| Sep | 170 bps | 211 bps | 232 bps | 170 bps | +24.12% |
| Oct | 208 bps | 200 bps | 221 bps | 199 bps | -3.85% |
| Nov | 193 bps | 161 bps | 193 bps | 158 bps | -16.58% |
| Dec | 161 bps | 140 bps | 161 bps | 132 bps | -13.04% |
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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