Historical Year Data · 2016
10Y-3M Yield Spread in 2016
10Y-3M Yield Spread opened 2016 at 202 bps and closed at 194 bps, a -3.96% move for the year. The high of 209 bps was reached on December 15, and the low of 109 bps on July 5.
Open
202 bps
2016-01
Close
194 bps
250 data points
High
209 bps
Dec 15
Low
109 bps
Jul 5
Full Year Change
-3.96%
2015 Change
+0.48%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 202 bps | 161 bps | 205 bps | 161 bps | -20.30% |
| Feb | 162 bps | 141 bps | 162 bps | 135 bps | -12.96% |
| Mar | 150 bps | 157 bps | 165 bps | 148 bps | +4.67% |
| Apr | 156 bps | 161 bps | 170 bps | 147 bps | +3.21% |
| May | 166 bps | 150 bps | 166 bps | 142 bps | -9.64% |
| Jun | 155 bps | 123 bps | 155 bps | 119 bps | -20.65% |
| Jul | 118 bps | 118 bps | 128 bps | 109 bps | +0.00% |
| Aug | 122 bps | 125 bps | 131 bps | 122 bps | +2.46% |
| Sep | 124 bps | 131 bps | 145 bps | 120 bps | +5.65% |
| Oct | 131 bps | 150 bps | 156 bps | 131 bps | +14.50% |
| Nov | 148 bps | 189 bps | 190 bps | 141 bps | +27.70% |
| Dec | 197 bps | 194 bps | 209 bps | 182 bps | -1.52% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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