Historical Year Data · 2003

10-Year Note Auction Bid-to-Cover in 2003

10-Year Note Auction Bid-to-Cover opened 2003 at 1.85 and closed at 1.78, a -3.78% move for the year. The high of 2.23 was reached on September 11, and the low of 1.22 on May 8.

Open

1.85

2003-01

1.78

6 data points

High

2.23

Sep 11

Low

1.22

May 8

Full Year Change

-3.78%

2002 Change

+5.56%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Feb	1.85	1.85	1.85	1.85	+0.00%
May	1.22	1.22	1.22	1.22	+0.00%
Aug	2	2	2	2	+0.00%
Sep	2.23	2.23	2.23	2.23	+0.00%
Nov	1.9	1.9	1.9	1.9	+0.00%
Dec	1.78	1.78	1.78	1.78	+0.00%

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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