Fed Central Bank Liquidity Swaps in 2011
Fed Central Bank Liquidity Swaps opened 2011 at 75 and closed at 99,823, a +132997.33% move for the year. The high of 99,823 was reached on December 28, and the low of 0 on March 9.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 75 | 70 | 75 | 70 | -6.67% |
| Feb | 70 | 70 | 70 | 70 | +0.00% |
| Mar | 70 | 0 | 70 | 0 | -100.00% |
| Apr | 0 | 0 | 0 | 0 | +0.00% |
| May | 0 | 0 | 0 | 0 | +0.00% |
| Jun | 0 | 0 | 0 | 0 | +0.00% |
| Jul | 0 | 0 | 0 | 0 | +0.00% |
| Aug | 0 | 0 | 500 | 0 | +0.00% |
| Sep | 0 | 500 | 575 | 0 | +0.00% |
| Oct | 500 | 1,853 | 1,853 | 500 | +270.60% |
| Nov | 1,853 | 2,401 | 2,401 | 1,853 | +29.57% |
| Dec | 2,301 | 99,823 | 99,823 | 2,301 | +4238.24% |
Events During 2011
S&P stripped the United States of its AAA credit rating on August 5, 2011, the first time in history. Markets whipsawed as the debt ceiling fight showed political risk could reprice government creditworthiness.
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
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