Historical Year Data · 2007

5-Year Note Auction Bid-to-Cover in 2007

5-Year Note Auction Bid-to-Cover opened 2007 at 2.21 and closed at 2.31, a +4.52% move for the year. The high of 2.86 was reached on September 27, and the low of 2.14 on March 29.

Open

2.21

2007-01

2.31

12 data points

High

2.86

Sep 27

Low

2.14

Mar 29

Full Year Change

+4.52%

2006 Change

+19.05%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	2.21	2.21	2.21	2.21	+0.00%
Feb	2.43	2.43	2.43	2.43	+0.00%
Mar	2.14	2.14	2.14	2.14	+0.00%
Apr	2.29	2.29	2.29	2.29	+0.00%
May	2.6	2.6	2.6	2.6	+0.00%
Jun	2.73	2.73	2.73	2.73	+0.00%
Jul	2.15	2.15	2.15	2.15	+0.00%
Aug	2.74	2.74	2.74	2.74	+0.00%
Sep	2.86	2.86	2.86	2.86	+0.00%
Oct	2.69	2.69	2.69	2.69	+0.00%
Nov	2.26	2.26	2.26	2.26	+0.00%
Dec	2.31	2.31	2.31	2.31	+0.00%

Events During 2007

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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