Historical Year Data · 2002

2-Year Note Auction Bid-to-Cover in 2002

2-Year Note Auction Bid-to-Cover opened 2002 at 1.54 and closed at 1.89, a +22.73% move for the year. The high of 2.69 was reached on May 29, and the low of 1.31 on June 28.

Open

1.54

2002-01

1.89

12 data points

High

2.69

May 29

Low

1.31

Jun 28

Full Year Change

+22.73%

2001 Change

-8.75%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1.54	1.54	1.54	1.54	+0.00%
Feb	1.81	1.81	1.81	1.81	+0.00%
Mar	1.96	1.96	1.96	1.96	+0.00%
Apr	2	2	2	2	+0.00%
May	2.69	2.69	2.69	2.69	+0.00%
Jun	1.31	1.31	1.31	1.31	+0.00%
Jul	1.56	1.56	1.56	1.56	+0.00%
Aug	2.26	2.26	2.26	2.26	+0.00%
Sep	2	2	2	2	+0.00%
Oct	1.69	1.69	1.69	1.69	+0.00%
Nov	1.77	1.77	1.77	1.77	+0.00%
Dec	1.89	1.89	1.89	1.89	+0.00%

Events During 2002

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.

1998 Euro Launch & 1999 Introduction

Goldilocks

May 1998 – January 2002

Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.

2000 Dotcom Crash

Deflation

March 2000 – October 2002

The Nasdaq Composite peaked at 5,048 on March 10, 2000 and fell 78% over 31 months. Internet companies went bankrupt en masse. The crash reshaped venture capital, corporate governance, and accounting standards.

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