Historical Year Data · 1982
3-Month Bill Auction High Yield in 1982
3-Month Bill Auction High Yield opened 1982 at 12.10% and closed at 8.15%, a -32.64% move for the year. The high of 15.42% was reached on February 16, and the low of 7.54% on October 12.
Open
12.10%
1982-01
Close
8.15%
52 data points
High
15.42%
Feb 16
Low
7.54%
Oct 12
Full Year Change
-32.64%
1981 Change
-14.22%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 12.10% | 13.98% | 13.98% | 12.10% | +15.54% |
| Feb | 14.39% | 13.00% | 15.42% | 13.00% | -9.66% |
| Mar | 12.93% | 14.00% | 14.00% | 12.55% | +8.28% |
| Apr | 13.49% | 12.96% | 13.49% | 12.96% | -3.93% |
| May | 13.20% | 11.98% | 13.20% | 11.94% | -9.24% |
| Jun | 12.57% | 13.86% | 13.86% | 12.57% | +10.26% |
| Jul | 13.36% | 10.83% | 13.36% | 10.83% | -18.94% |
| Aug | 9.90% | 8.86% | 10.26% | 7.84% | -10.51% |
| Sep | 8.75% | 7.96% | 8.75% | 7.70% | -9.03% |
| Oct | 8.30% | 8.21% | 8.30% | 7.54% | -1.08% |
| Nov | 7.99% | 8.47% | 8.70% | 7.99% | +6.01% |
| Dec | 8.15% | 8.15% | 8.25% | 8.04% | +0.00% |
Events During 1982
1979 Volcker Shock
Stagflation
October 1979 – August 1982
Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.
1982 Latin American Debt Crisis
Deflation
August 1982 – 1989
Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.
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