Historical Year Data · 2022
Primary Dealer Net Positions — Agency Debt in 2022
Primary Dealer Net Positions — Agency Debt opened 2022 at 11,333 and closed at 13,251, a +16.92% move for the year. The high of 19,319 was reached on August 24, and the low of 6,215 on March 23.
Open
11,333
2022-01
Close
13,251
52 data points
High
19,319
Aug 24
Low
6,215
Mar 23
Full Year Change
+16.92%
2021 Change
-57.84%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 11,333 | 12,752 | 12,752 | 11,333 | +12.52% |
| Feb | 14,220 | 14,189 | 16,373 | 14,189 | -0.22% |
| Mar | 15,114 | 9,614 | 15,114 | 6,215 | -36.39% |
| Apr | 10,235 | 12,912 | 12,912 | 10,235 | +26.16% |
| May | 12,195 | 11,774 | 15,422 | 11,774 | -3.45% |
| Jun | 13,024 | 13,312 | 13,496 | 10,551 | +2.21% |
| Jul | 12,987 | 11,581 | 12,987 | 11,418 | -10.83% |
| Aug | 11,161 | 17,927 | 19,319 | 11,161 | +60.62% |
| Sep | 14,830 | 12,002 | 17,404 | 12,002 | -19.07% |
| Oct | 13,549 | 12,986 | 13,948 | 12,284 | -4.16% |
| Nov | 13,365 | 13,178 | 16,203 | 12,557 | -1.40% |
| Dec | 12,515 | 13,251 | 15,031 | 12,515 | +5.88% |
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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