Historical Year Data · 2022
5Y Breakeven Inflation in 2022
5Y Breakeven Inflation opened 2022 at 2.95% and closed at 2.33%, a -21.02% move for the year. The high of 3.59% was reached on March 25, and the low of 2.14% on September 30.
Open
2.95%
2022-01
Close
2.33%
249 data points
High
3.59%
Mar 25
Low
2.14%
Sep 30
Full Year Change
-21.02%
2021 Change
+44.95%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 2.95% | 2.82% | 2.95% | 2.70% | -4.41% |
| Feb | 2.80% | 3.11% | 3.11% | 2.75% | +11.07% |
| Mar | 3.14% | 3.34% | 3.59% | 3.14% | +6.37% |
| Apr | 3.28% | 3.30% | 3.39% | 3.25% | +0.61% |
| May | 3.21% | 2.96% | 3.24% | 2.87% | -7.79% |
| Jun | 2.96% | 2.58% | 3.13% | 2.58% | -12.84% |
| Jul | 2.60% | 2.73% | 2.73% | 2.48% | +5.00% |
| Aug | 2.72% | 2.58% | 2.79% | 2.58% | -5.15% |
| Sep | 2.52% | 2.14% | 2.62% | 2.14% | -15.08% |
| Oct | 2.26% | 2.67% | 2.72% | 2.26% | +18.14% |
| Nov | 2.65% | 2.41% | 2.68% | 2.28% | -9.06% |
| Dec | 2.45% | 2.33% | 2.51% | 2.14% | -4.90% |
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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