Historical Year Data · 1999
6-Month Bill Auction Bid-to-Cover in 1999
6-Month Bill Auction Bid-to-Cover opened 1999 at 3.97 and closed at 3.02, a -23.93% move for the year. The high of 4.72 was reached on November 8, and the low of 3.02 on December 27.
Open
3.97
1999-01
Close
3.02
11 data points
High
4.72
Nov 8
Low
3.02
Dec 27
Full Year Change
-23.93%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Oct | 3.97 | 4.17 | 4.17 | 3.97 | +5.04% |
| Nov | 4.12 | 4.64 | 4.72 | 3.63 | +12.62% |
| Dec | 3.5 | 3.02 | 3.5 | 3.02 | -13.71% |
Events During 1999
1990 Japanese Bubble Collapse
Deflation
January 1990 – 2003
The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.
1998 Euro Launch & 1999 Introduction
Goldilocks
May 1998 – January 2002
Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.
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