Historical Year Data · 2016
10Y Treasury minus Fed Funds in 2016
10Y Treasury minus Fed Funds opened 2016 at 188 bps and closed at 190 bps, a +1.06% move for the year. The high of 213 bps was reached on December 14, and the low of 97 bps on July 5.
Open
188 bps
2016-01
Close
190 bps
250 data points
High
213 bps
Dec 14
Low
97 bps
Jul 5
Full Year Change
+1.06%
2015 Change
+3.50%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 188 bps | 165 bps | 189 bps | 162 bps | -12.23% |
| Feb | 159 bps | 145 bps | 159 bps | 125 bps | -8.81% |
| Mar | 147 bps | 153 bps | 162 bps | 144 bps | +4.08% |
| Apr | 142 bps | 153 bps | 157 bps | 133 bps | +7.75% |
| May | 151 bps | 155 bps | 155 bps | 134 bps | +2.65% |
| Jun | 148 bps | 119 bps | 148 bps | 105 bps | -19.59% |
| Jul | 105 bps | 116 bps | 120 bps | 97 bps | +10.48% |
| Aug | 111 bps | 128 bps | 128 bps | 110 bps | +15.32% |
| Sep | 117 bps | 131 bps | 133 bps | 114 bps | +11.97% |
| Oct | 123 bps | 153 bps | 153 bps | 123 bps | +24.39% |
| Nov | 142 bps | 206 bps | 206 bps | 138 bps | +45.07% |
| Dec | 204 bps | 190 bps | 213 bps | 183 bps | -6.86% |
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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