2-Year Note Primary Dealer Share in 2015
2-Year Note Primary Dealer Share opened 2015 at 42.16% and closed at 35.19%, a -16.53% move for the year. The high of 48.80% was reached on November 4, and the low of 27.47% on July 28.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 42.16% | 42.16% | 42.16% | 42.16% | +0.00% |
| Feb | 38.11% | 38.11% | 38.11% | 38.11% | +0.00% |
| Mar | 35.63% | 35.63% | 35.63% | 35.63% | +0.00% |
| Apr | 46.64% | 46.64% | 46.64% | 46.64% | +0.00% |
| May | 40.13% | 40.13% | 40.13% | 40.13% | +0.00% |
| Jun | 36.90% | 36.90% | 36.90% | 36.90% | +0.00% |
| Jul | 27.47% | 27.47% | 27.47% | 27.47% | +0.00% |
| Aug | 42.25% | 42.25% | 42.25% | 42.25% | +0.00% |
| Sep | 43.24% | 43.24% | 43.24% | 43.24% | +0.00% |
| Nov | 48.80% | 35.08% | 48.80% | 35.08% | -28.10% |
| Dec | 35.19% | 35.19% | 35.19% | 35.19% | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.