Historical Year Data · 2003

3-Month Bill Auction Bid-to-Cover in 2003

3-Month Bill Auction Bid-to-Cover opened 2003 at 2.91 and closed at 1.95, a -32.99% move for the year. The high of 2.91 was reached on January 6, and the low of 1.75 on March 24.

Open

2.91

2003-01

1.95

52 data points

High

2.91

Jan 6

Low

1.75

Mar 24

Full Year Change

-32.99%

2002 Change

-25.67%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	2.91	1.92	2.91	1.92	-34.02%
Feb	2.32	2.01	2.32	1.91	-13.36%
Mar	2.07	1.83	2.18	1.75	-11.59%
Apr	2.23	2.61	2.68	1.94	+17.04%
May	2.31	1.98	2.31	1.98	-14.29%
Jun	2.15	1.93	2.15	1.75	-10.23%
Jul	1.96	1.95	2.23	1.94	-0.51%
Aug	2.29	2.06	2.29	1.96	-10.04%
Sep	2.32	2.15	2.37	2.15	-7.33%
Oct	2.38	2	2.38	2	-15.97%
Nov	2.05	2.46	2.46	2.05	+20.00%
Dec	2.45	1.95	2.47	1.95	-20.41%

Events During 2003

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.

Previous Year

← 3-Month Bill Auction Bid-to-Cover in 2002

Next Year

3-Month Bill Auction Bid-to-Cover in 2004→