Fed TGA (Liability Side) in 2011
Fed TGA (Liability Side) opened 2011 at 105,713 and closed at 91,418, a -13.52% move for the year. The high of 129,694 was reached on June 22, and the low of 8,905 on August 17.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 105,713 | 94,186 | 105,713 | 75,569 | -10.90% |
| Feb | 117,875 | 23,123 | 117,875 | 23,123 | -80.38% |
| Mar | 49,542 | 59,201 | 101,471 | 28,671 | +19.50% |
| Apr | 40,962 | 126,185 | 126,185 | 24,772 | +208.05% |
| May | 125,397 | 73,694 | 125,397 | 73,694 | -41.23% |
| Jun | 73,973 | 105,582 | 129,694 | 23,496 | +42.73% |
| Jul | 67,270 | 66,757 | 96,422 | 39,416 | -0.76% |
| Aug | 32,271 | 42,481 | 42,481 | 8,905 | +31.64% |
| Sep | 22,841 | 44,942 | 74,216 | 16,083 | +96.76% |
| Oct | 31,623 | 55,187 | 68,392 | 17,681 | +74.52% |
| Nov | 63,901 | 85,605 | 85,605 | 24,193 | +33.97% |
| Dec | 21,747 | 91,418 | 106,592 | 21,747 | +320.37% |
Events During 2011
S&P stripped the United States of its AAA credit rating on August 5, 2011, the first time in history. Markets whipsawed as the debt ceiling fight showed political risk could reprice government creditworthiness.
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
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