Historical Year Data · 2023
AA Corporate OAS in 2023
AA Corporate OAS opened 2023 at 75 bps and closed at 56 bps, a -25.33% move for the year. The high of 84 bps was reached on May 4, and the low of 52 bps on December 14.
Open
75 bps
2023-01
Close
56 bps
186 data points
High
84 bps
May 4
Low
52 bps
Dec 14
Full Year Change
-25.33%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Apr | 75 bps | 78 bps | 79 bps | 75 bps | +4.00% |
| May | 78 bps | 77 bps | 84 bps | 75 bps | -1.28% |
| Jun | 77 bps | 71 bps | 77 bps | 71 bps | -7.79% |
| Jul | 70 bps | 65 bps | 70 bps | 65 bps | -7.14% |
| Aug | 65 bps | 65 bps | 69 bps | 65 bps | +0.00% |
| Sep | 65 bps | 65 bps | 66 bps | 62 bps | +0.00% |
| Oct | 66 bps | 68 bps | 70 bps | 65 bps | +3.03% |
| Nov | 69 bps | 54 bps | 69 bps | 54 bps | -21.74% |
| Dec | 55 bps | 56 bps | 56 bps | 52 bps | +1.82% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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