6-Month Bill Auction Bid-to-Cover in 2015
6-Month Bill Auction Bid-to-Cover opened 2015 at 4.57 and closed at 4.15, a -9.19% move for the year. The high of 4.61 was reached on April 27, and the low of 3.34 on October 26.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.57 | 4.26 | 4.57 | 4.18 | -6.78% |
| Feb | 4.2 | 4.22 | 4.43 | 4.2 | +0.48% |
| Mar | 4.16 | 3.66 | 4.16 | 3.59 | -12.02% |
| Apr | 4.05 | 4.61 | 4.61 | 4.05 | +13.83% |
| May | 3.94 | 4.45 | 4.51 | 3.94 | +12.94% |
| Jun | 4.58 | 3.84 | 4.58 | 3.84 | -16.16% |
| Jul | 4.03 | 3.99 | 4.03 | 3.67 | -0.99% |
| Aug | 3.89 | 3.74 | 3.89 | 3.51 | -3.86% |
| Sep | 3.82 | 3.64 | 3.99 | 3.64 | -4.71% |
| Oct | 3.86 | 3.34 | 3.86 | 3.34 | -13.47% |
| Nov | 3.75 | 3.65 | 3.91 | 3.46 | -2.67% |
| Dec | 3.42 | 4.15 | 4.15 | 3.42 | +21.35% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.