Historical Year Data · 1999
2-Year Note Auction High Yield in 1999
2-Year Note Auction High Yield opened 1999 at 4.58% and closed at 6.23%, a +36.24% move for the year. The high of 6.23% was reached on December 22, and the low of 4.58% on January 27.
Open
4.58%
1999-01
Close
6.23%
12 data points
High
6.23%
Dec 22
Low
4.58%
Jan 27
Full Year Change
+36.24%
1998 Change
-13.79%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.58% | 4.58% | 4.58% | 4.58% | +0.00% |
| Feb | 5.01% | 5.01% | 5.01% | 5.01% | +0.00% |
| Mar | 5.00% | 5.00% | 5.00% | 5.00% | +0.00% |
| Apr | 5.02% | 5.02% | 5.02% | 5.02% | +0.00% |
| May | 5.32% | 5.32% | 5.32% | 5.32% | +0.00% |
| Jun | 5.75% | 5.75% | 5.75% | 5.75% | +0.00% |
| Jul | 5.54% | 5.54% | 5.54% | 5.54% | +0.00% |
| Aug | 5.56% | 5.56% | 5.56% | 5.56% | +0.00% |
| Sep | 5.67% | 5.67% | 5.67% | 5.67% | +0.00% |
| Oct | 5.93% | 5.93% | 5.93% | 5.93% | +0.00% |
| Nov | 5.95% | 5.95% | 5.95% | 5.95% | +0.00% |
| Dec | 6.23% | 6.23% | 6.23% | 6.23% | +0.00% |
Events During 1999
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.
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