Historical Year Data · 2016
5Y Treasury minus Fed Funds in 2016
5Y Treasury minus Fed Funds opened 2016 at 137 bps and closed at 138 bps, a +0.73% move for the year. The high of 161 bps was reached on December 14, and the low of 54 bps on July 5.
Open
137 bps
2016-01
Close
138 bps
250 data points
High
161 bps
Dec 14
Low
54 bps
Jul 5
Full Year Change
+0.73%
2015 Change
+4.70%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 137 bps | 104 bps | 137 bps | 102 bps | -24.09% |
| Feb | 100 bps | 93 bps | 100 bps | 73 bps | -7.00% |
| Mar | 95 bps | 96 bps | 113 bps | 89 bps | +1.05% |
| Apr | 87 bps | 98 bps | 103 bps | 77 bps | +12.64% |
| May | 95 bps | 108 bps | 108 bps | 83 bps | +13.68% |
| Jun | 102 bps | 71 bps | 102 bps | 59 bps | -30.39% |
| Jul | 59 bps | 73 bps | 75 bps | 54 bps | +23.73% |
| Aug | 66 bps | 89 bps | 89 bps | 63 bps | +34.85% |
| Sep | 78 bps | 85 bps | 86 bps | 72 bps | +8.97% |
| Oct | 78 bps | 100 bps | 100 bps | 78 bps | +28.21% |
| Nov | 89 bps | 152 bps | 152 bps | 83 bps | +70.79% |
| Dec | 149 bps | 138 bps | 161 bps | 130 bps | -7.38% |
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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