Historical Year Data · 1999
10Y-3M Yield Spread in 1999
10Y-3M Yield Spread opened 1999 at 20 bps and closed at 112 bps, a +460.00% move for the year. The high of 131 bps was reached on June 24, and the low of 18 bps on January 28.
Open
20 bps
1999-01
Close
112 bps
251 data points
High
131 bps
Jun 24
Low
18 bps
Jan 28
Full Year Change
+460.00%
1998 Change
-51.43%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 20 bps | 18 bps | 39 bps | 18 bps | -10.00% |
| Feb | 22 bps | 63 bps | 70 bps | 22 bps | +186.36% |
| Mar | 69 bps | 76 bps | 79 bps | 54 bps | +10.14% |
| Apr | 83 bps | 81 bps | 89 bps | 63 bps | -2.41% |
| May | 76 bps | 98 bps | 102 bps | 76 bps | +28.95% |
| Jun | 101 bps | 103 bps | 131 bps | 101 bps | +1.98% |
| Jul | 117 bps | 117 bps | 125 bps | 99 bps | +0.00% |
| Aug | 107 bps | 100 bps | 129 bps | 80 bps | -6.54% |
| Sep | 102 bps | 102 bps | 120 bps | 96 bps | +0.00% |
| Oct | 102 bps | 90 bps | 123 bps | 90 bps | -11.76% |
| Nov | 90 bps | 88 bps | 90 bps | 65 bps | -2.22% |
| Dec | 94 bps | 112 bps | 117 bps | 72 bps | +19.15% |
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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