Historical Year Data · 2003

10Y Breakeven Inflation in 2003

10Y Breakeven Inflation opened 2003 at 1.64% and closed at 2.27%, a +38.41% move for the year. The high of 2.43% was reached on November 3, and the low of 1.57% on June 4.

Open

1.64%

2003-01

2.27%

250 data points

High

2.43%

Nov 3

Low

1.57%

Jun 4

Full Year Change

+38.41%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1.64%	1.81%	1.85%	1.62%	+10.37%
Feb	1.81%	1.94%	1.99%	1.81%	+7.18%
Mar	1.91%	1.80%	2.01%	1.80%	-5.76%
Apr	1.82%	1.73%	1.83%	1.71%	-4.95%
May	1.75%	1.60%	1.75%	1.58%	-8.57%
Jun	1.60%	1.64%	1.70%	1.57%	+2.50%
Jul	1.64%	2.08%	2.08%	1.58%	+26.83%
Aug	2.04%	2.16%	2.24%	1.98%	+5.88%
Sep	2.18%	2.01%	2.20%	2.00%	-7.80%
Oct	2.00%	2.40%	2.40%	2.00%	+20.00%
Nov	2.43%	2.31%	2.43%	2.22%	-4.94%
Dec	2.32%	2.27%	2.37%	2.20%	-2.16%

Events During 2003

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.

Next Year

10Y Breakeven Inflation in 2004→