Historical Year Data · 2022
3-Month Bill Auction Bid-to-Cover in 2022
3-Month Bill Auction Bid-to-Cover opened 2022 at 2.86 and closed at 2.38, a -16.78% move for the year. The high of 3.27 was reached on May 2, and the low of 2.27 on June 13.
Open
2.86
2022-01
Close
2.38
52 data points
High
3.27
May 2
Low
2.27
Jun 13
Full Year Change
-16.78%
2021 Change
+2.37%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 2.86 | 2.84 | 2.96 | 2.56 | -0.70% |
| Feb | 3 | 2.85 | 3.07 | 2.85 | -5.00% |
| Mar | 2.99 | 2.65 | 2.99 | 2.6 | -11.37% |
| Apr | 2.46 | 2.96 | 2.96 | 2.46 | +20.33% |
| May | 3.27 | 2.98 | 3.27 | 2.82 | -8.87% |
| Jun | 2.98 | 2.84 | 2.98 | 2.27 | -4.70% |
| Jul | 2.53 | 2.95 | 2.97 | 2.49 | +16.60% |
| Aug | 2.63 | 3.03 | 3.03 | 2.63 | +15.21% |
| Sep | 3.06 | 2.56 | 3.06 | 2.56 | -16.34% |
| Oct | 2.56 | 2.6 | 2.6 | 2.39 | +1.56% |
| Nov | 2.72 | 2.56 | 2.72 | 2.56 | -5.88% |
| Dec | 2.67 | 2.38 | 2.67 | 2.38 | -10.86% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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