Historical Year Data · 2022
6-Month Bill Auction Bid-to-Cover in 2022
6-Month Bill Auction Bid-to-Cover opened 2022 at 3.21 and closed at 2.56, a -20.25% move for the year. The high of 3.32 was reached on April 11, and the low of 2.44 on June 21.
Open
3.21
2022-01
Close
2.56
52 data points
High
3.32
Apr 11
Low
2.44
Jun 21
Full Year Change
-20.25%
2021 Change
-10.19%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 3.21 | 2.74 | 3.21 | 2.7 | -14.64% |
| Feb | 3.13 | 3.12 | 3.13 | 2.75 | -0.32% |
| Mar | 3.21 | 3 | 3.21 | 3 | -6.54% |
| Apr | 3.29 | 2.99 | 3.32 | 2.99 | -9.12% |
| May | 2.99 | 2.81 | 3.09 | 2.72 | -6.02% |
| Jun | 2.87 | 2.79 | 3.26 | 2.44 | -2.79% |
| Jul | 2.57 | 3.16 | 3.16 | 2.57 | +22.96% |
| Aug | 2.91 | 2.88 | 3.09 | 2.75 | -1.03% |
| Sep | 3.14 | 2.68 | 3.14 | 2.68 | -14.65% |
| Oct | 2.62 | 2.95 | 2.95 | 2.56 | +12.60% |
| Nov | 2.89 | 2.9 | 3.03 | 2.86 | +0.35% |
| Dec | 2.57 | 2.56 | 2.86 | 2.56 | -0.39% |
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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