10Y-3M Yield Spread in 2002
10Y-3M Yield Spread opened 2002 at 346 bps and closed at 261 bps, a -24.57% move for the year. The high of 365 bps was reached on April 1, and the low of 201 bps on October 7.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 346 bps | 331 bps | 346 bps | 326 bps | -4.34% |
| Feb | 326 bps | 309 bps | 326 bps | 307 bps | -5.21% |
| Mar | 321 bps | 363 bps | 363 bps | 321 bps | +13.08% |
| Apr | 365 bps | 334 bps | 365 bps | 333 bps | -8.49% |
| May | 331 bps | 334 bps | 354 bps | 331 bps | +0.91% |
| Jun | 329 bps | 316 bps | 336 bps | 305 bps | -3.95% |
| Jul | 313 bps | 280 bps | 318 bps | 273 bps | -10.54% |
| Aug | 279 bps | 245 bps | 279 bps | 242 bps | -12.19% |
| Sep | 234 bps | 206 bps | 239 bps | 204 bps | -11.97% |
| Oct | 213 bps | 249 bps | 258 bps | 201 bps | +16.90% |
| Nov | 258 bps | 300 bps | 303 bps | 258 bps | +16.28% |
| Dec | 298 bps | 261 bps | 301 bps | 260 bps | -12.42% |
Events During 2002
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.
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.
The Nasdaq Composite peaked at 5,048 on March 10, 2000 and fell 78% over 31 months. Internet companies went bankrupt en masse. The crash reshaped venture capital, corporate governance, and accounting standards.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.