Historical Year Data · 2003

Treasury General Account in 2003

Treasury General Account opened 2003 at $5B and closed at $6B, a +16.63% move for the year. The high of $9B was reached on April 23, and the low of $4B on October 15.

Open

$5B

2003-01

$6B

53 data points

High

$9B

Apr 23

Low

$4B

Oct 15

Full Year Change

+16.63%

2002 Change

-21.50%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$5B	$7B	$7B	$5B	+42.78%
Feb	$5B	$5B	$5B	$5B	-2.65%
Mar	$5B	$6B	$6B	$5B	+20.51%
Apr	$6B	$9B	$9B	$6B	+54.99%
May	$7B	$6B	$7B	$6B	-22.07%
Jun	$6B	$7B	$7B	$6B	+10.98%
Jul	$6B	$6B	$6B	$6B	+1.94%
Aug	$6B	$6B	$6B	$6B	+5.94%
Sep	$5B	$8B	$8B	$5B	+55.69%
Oct	$7B	$5B	$7B	$4B	-25.96%
Nov	$6B	$5B	$6B	$5B	-8.05%
Dec	$5B	$6B	$6B	$5B	+7.60%

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.

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