Historical Year Data · 2022
10Y Breakeven Inflation in 2022
10Y Breakeven Inflation opened 2022 at 2.60% and closed at 2.30%, a -11.54% move for the year. The high of 3.02% was reached on April 21, and the low of 2.13% on December 16.
Open
2.60%
2022-01
Close
2.30%
249 data points
High
3.02%
Apr 21
Low
2.13%
Dec 16
Full Year Change
-11.54%
2021 Change
+27.36%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 2.60% | 2.44% | 2.60% | 2.33% | -6.15% |
| Feb | 2.43% | 2.62% | 2.62% | 2.38% | +7.82% |
| Mar | 2.62% | 2.84% | 2.95% | 2.62% | +8.40% |
| Apr | 2.80% | 2.88% | 3.02% | 2.80% | +2.86% |
| May | 2.81% | 2.64% | 2.87% | 2.55% | -6.05% |
| Jun | 2.65% | 2.33% | 2.76% | 2.33% | -12.08% |
| Jul | 2.34% | 2.53% | 2.53% | 2.29% | +8.12% |
| Aug | 2.51% | 2.48% | 2.62% | 2.43% | -1.20% |
| Sep | 2.45% | 2.15% | 2.48% | 2.15% | -12.24% |
| Oct | 2.24% | 2.52% | 2.59% | 2.22% | +12.50% |
| Nov | 2.51% | 2.34% | 2.53% | 2.25% | -6.77% |
| Dec | 2.36% | 2.30% | 2.43% | 2.13% | -2.54% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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