Historical Year Data · 2022
Baa-10Y Treasury Spread in 2022
Baa-10Y Treasury Spread opened 2022 at 1.82% and closed at 1.99%, a +9.34% move for the year. The high of 2.42% was reached on July 1, and the low of 1.76% on January 10.
Open
1.82%
2022-01
Close
1.99%
249 data points
High
2.42%
Jul 1
Low
1.76%
Jan 10
Full Year Change
+9.34%
2021 Change
-15.53%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 1.82% | 1.93% | 1.93% | 1.76% | +6.04% |
| Feb | 1.92% | 2.34% | 2.34% | 1.91% | +21.87% |
| Mar | 2.25% | 1.93% | 2.38% | 1.91% | -14.22% |
| Apr | 1.81% | 2.05% | 2.06% | 1.77% | +13.26% |
| May | 2.08% | 2.18% | 2.37% | 2.05% | +4.81% |
| Jun | 2.08% | 2.31% | 2.31% | 1.98% | +11.06% |
| Jul | 2.42% | 2.36% | 2.42% | 2.20% | -2.48% |
| Aug | 2.38% | 2.18% | 2.38% | 2.17% | -8.40% |
| Sep | 2.22% | 2.24% | 2.27% | 2.01% | +0.90% |
| Oct | 2.29% | 2.28% | 2.37% | 2.16% | -0.44% |
| Nov | 2.22% | 2.15% | 2.36% | 2.02% | -3.15% |
| Dec | 2.09% | 1.99% | 2.09% | 1.88% | -4.78% |
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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