Historical Year Data · 1999
3-Month Bill Auction Bid-to-Cover in 1999
3-Month Bill Auction Bid-to-Cover opened 1999 at 2.96 and closed at 3.06, a +3.38% move for the year. The high of 3.23 was reached on December 13, and the low of 2.57 on December 20.
Open
2.96
1999-01
Close
3.06
11 data points
High
3.23
Dec 13
Low
2.57
Dec 20
Full Year Change
+3.38%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Oct | 2.96 | 2.91 | 2.96 | 2.91 | -1.69% |
| Nov | 2.87 | 3 | 3 | 2.63 | +4.53% |
| Dec | 3.19 | 3.06 | 3.23 | 2.57 | -4.08% |
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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