Historical Year Data · 2022
3-Month Bill Primary Dealer Share in 2022
3-Month Bill Primary Dealer Share opened 2022 at 38.94% and closed at 50.71%, a +30.23% move for the year. The high of 67.12% was reached on June 13, and the low of 26.09% on June 6.
Open
38.94%
2022-01
Close
50.71%
52 data points
High
67.12%
Jun 13
Low
26.09%
Jun 6
Full Year Change
+30.23%
2021 Change
-21.28%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 38.94% | 47.44% | 47.44% | 34.28% | +21.83% |
| Feb | 40.07% | 33.30% | 40.07% | 29.46% | -16.89% |
| Mar | 30.74% | 40.71% | 52.61% | 30.74% | +32.43% |
| Apr | 51.91% | 44.66% | 51.91% | 38.76% | -13.97% |
| May | 30.71% | 29.43% | 34.87% | 29.43% | -4.18% |
| Jun | 26.09% | 32.77% | 67.12% | 26.09% | +25.60% |
| Jul | 47.38% | 34.60% | 47.38% | 34.60% | -26.98% |
| Aug | 40.42% | 39.36% | 40.42% | 28.02% | -2.62% |
| Sep | 32.25% | 33.93% | 39.39% | 32.25% | +5.22% |
| Oct | 35.93% | 29.19% | 48.10% | 29.19% | -18.77% |
| Nov | 38.43% | 43.53% | 43.53% | 32.99% | +13.27% |
| Dec | 34.34% | 50.71% | 50.71% | 34.34% | +47.66% |
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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