Historical Year Data · 2022
10-Year Note Auction Bid-to-Cover in 2022
10-Year Note Auction Bid-to-Cover opened 2022 at 2.51 and closed at 2.31, a -7.97% move for the year. The high of 2.68 was reached on February 9, and the low of 2.23 on November 9.
Open
2.51
2022-01
Close
2.31
12 data points
High
2.68
Feb 9
Low
2.23
Nov 9
Full Year Change
-7.97%
2021 Change
-1.62%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 2.51 | 2.51 | 2.51 | 2.51 | +0.00% |
| Feb | 2.68 | 2.68 | 2.68 | 2.68 | +0.00% |
| Mar | 2.47 | 2.47 | 2.47 | 2.47 | +0.00% |
| Apr | 2.43 | 2.43 | 2.43 | 2.43 | +0.00% |
| May | 2.49 | 2.49 | 2.49 | 2.49 | +0.00% |
| Jun | 2.41 | 2.41 | 2.41 | 2.41 | +0.00% |
| Jul | 2.34 | 2.34 | 2.34 | 2.34 | +0.00% |
| Aug | 2.53 | 2.53 | 2.53 | 2.53 | +0.00% |
| Sep | 2.37 | 2.37 | 2.37 | 2.37 | +0.00% |
| Oct | 2.34 | 2.34 | 2.34 | 2.34 | +0.00% |
| Nov | 2.23 | 2.23 | 2.23 | 2.23 | +0.00% |
| Dec | 2.31 | 2.31 | 2.31 | 2.31 | +0.00% |
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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