Historical Year Data · 2022
Primary Dealer Net Positions — Agency MBS in 2022
Primary Dealer Net Positions — Agency MBS opened 2022 at 76,355 and closed at 72,287, a -5.33% move for the year. The high of 83,420 was reached on July 6, and the low of 56,593 on November 30.
Open
76,355
2022-01
Close
72,287
52 data points
High
83,420
Jul 6
Low
56,593
Nov 30
Full Year Change
-5.33%
2021 Change
-11.91%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 76,355 | 71,642 | 76,355 | 68,882 | -6.17% |
| Feb | 70,511 | 62,210 | 70,511 | 62,210 | -11.77% |
| Mar | 65,806 | 65,384 | 65,806 | 57,152 | -0.64% |
| Apr | 60,871 | 71,326 | 71,326 | 60,871 | +17.18% |
| May | 74,127 | 80,877 | 80,877 | 73,370 | +9.11% |
| Jun | 79,317 | 78,160 | 80,552 | 75,368 | -1.46% |
| Jul | 83,420 | 78,040 | 83,420 | 75,064 | -6.45% |
| Aug | 72,866 | 65,633 | 72,866 | 65,633 | -9.93% |
| Sep | 71,188 | 67,265 | 71,188 | 67,265 | -5.51% |
| Oct | 67,851 | 69,892 | 69,892 | 66,678 | +3.01% |
| Nov | 70,190 | 56,593 | 70,190 | 56,593 | -19.37% |
| Dec | 69,825 | 72,287 | 72,563 | 69,825 | +3.53% |
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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