Historical Year Data · 2003

Baa-10Y Treasury Spread in 2003

Baa-10Y Treasury Spread opened 2003 at 3.37% and closed at 2.34%, a -30.56% move for the year. The high of 3.39% was reached on January 3, and the low of 2.29% on December 3.

Open

3.37%

2003-01

2.34%

250 data points

High

3.39%

Jan 3

Low

2.29%

Dec 3

Full Year Change

-30.56%

2002 Change

+23.40%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	3.37%	3.16%	3.39%	3.16%	-6.23%
Feb	3.14%	3.21%	3.21%	3.11%	+2.23%
Mar	3.23%	3.04%	3.29%	2.99%	-5.88%
Apr	3.02%	2.76%	3.02%	2.76%	-8.61%
May	2.77%	2.85%	2.87%	2.67%	+2.89%
Jun	2.85%	2.81%	2.89%	2.80%	-1.40%
Jul	2.81%	2.58%	2.81%	2.55%	-8.19%
Aug	2.57%	2.46%	2.69%	2.46%	-4.28%
Sep	2.39%	2.57%	2.57%	2.39%	+7.53%
Oct	2.56%	2.36%	2.56%	2.36%	-7.81%
Nov	2.32%	2.33%	2.40%	2.32%	+0.43%
Dec	2.30%	2.34%	2.35%	2.29%	+1.74%

Events During 2003

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.

Previous Year

← Baa-10Y Treasury Spread in 2002

Next Year

Baa-10Y Treasury Spread in 2004→