Historical Year Data · 2022
3-Month Bill Auction High Yield in 2022
3-Month Bill Auction High Yield opened 2022 at 0.09% and closed at 4.46%, a +4800.00% move for the year. The high of 4.46% was reached on December 27, and the low of 0.09% on January 3.
Open
0.09%
2022-01
Close
4.46%
52 data points
High
4.46%
Dec 27
Low
0.09%
Jan 3
Full Year Change
+4800.00%
2021 Change
-5.49%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 0.09% | 0.24% | 0.24% | 0.09% | +167.03% |
| Feb | 0.29% | 0.36% | 0.45% | 0.29% | +24.15% |
| Mar | 0.39% | 0.61% | 0.61% | 0.39% | +59.07% |
| Apr | 0.68% | 0.90% | 0.90% | 0.68% | +32.94% |
| May | 0.93% | 1.14% | 1.14% | 0.92% | +23.14% |
| Jun | 1.25% | 1.78% | 1.78% | 1.25% | +42.45% |
| Jul | 1.89% | 2.57% | 2.57% | 1.89% | +36.39% |
| Aug | 2.54% | 2.94% | 2.94% | 2.54% | +15.74% |
| Sep | 3.03% | 3.34% | 3.34% | 3.03% | +10.37% |
| Oct | 3.42% | 4.17% | 4.17% | 3.42% | +22.08% |
| Nov | 4.22% | 4.39% | 4.39% | 4.22% | +4.05% |
| Dec | 4.38% | 4.46% | 4.46% | 4.38% | +1.87% |
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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