Historical Year Data · 1989

10Y-3M Yield Spread in 1989

10Y-3M Yield Spread opened 1989 at 80 bps and closed at 13 bps, a -83.75% move for the year. The high of 80 bps was reached on January 3, and the low of -35 bps on June 9.

Open

80 bps

1989-01

13 bps

250 data points

High

80 bps

Jan 3

Low

-35 bps

Jun 9

Full Year Change

-83.75%

1988 Change

-71.90%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	80 bps	32 bps	80 bps	32 bps	-60.00%
Feb	32 bps	29 bps	45 bps	11 bps	-9.38%
Mar	38 bps	7 bps	38 bps	-1 bps	-81.58%
Apr	6 bps	31 bps	35 bps	2 bps	+416.67%
May	20 bps	-32 bps	38 bps	-32 bps	-260.00%
Jun	-31 bps	-16 bps	-4 bps	-35 bps	+48.39%
Jul	-14 bps	-22 bps	6 bps	-32 bps	-57.14%
Aug	-15 bps	10 bps	11 bps	-22 bps	+166.67%
Sep	7 bps	13 bps	33 bps	4 bps	+85.71%
Oct	11 bps	-12 bps	32 bps	-12 bps	-209.09%
Nov	-14 bps	0 bps	4 bps	-14 bps	+100.00%
Dec	3 bps	13 bps	13 bps	-15 bps	+333.33%

Events During 1989

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.

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