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Historical Year Data · 1981

5-Year Note Auction High Yield in 1981

5-Year Note Auction High Yield opened 1981 at 13.81% and closed at 12.85%, a -6.95% move for the year. The high of 16.19% was reached on August 27, and the low of 12.85% on November 24.

Open
13.81%
1981-01
Close
12.85%
4 data points
High
16.19%
Aug 27
Low
12.85%
Nov 24
Full Year Change
-6.95%
1980 Change
-6.62%

Monthly Breakdown

MonthOpenCloseHighLowChange
Feb13.81%13.81%13.81%13.81%+0.00%
May14.02%14.02%14.02%14.02%+0.00%
Aug16.19%16.19%16.19%16.19%+0.00%
Nov12.85%12.85%12.85%12.85%+0.00%

Events During 1981

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.

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Related Metrics

2-Year Note Auction Bid-to-Cover
1981
2-Year Note Indirect Bidder Share
1981
2-Year Note Direct Bidder Share
1981
2-Year Note Primary Dealer Share
1981
2-Year Note Auction High Yield
1981
5-Year Note Auction Bid-to-Cover
1981

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