Fed TGA (Liability Side) in 2012
Fed TGA (Liability Side) opened 2012 at 87,031 and closed at 55,679, a -36.02% move for the year. The high of 139,880 was reached on June 20, and the low of 13,680 on August 22.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 87,031 | 111,938 | 111,938 | 66,067 | +28.62% |
| Feb | 120,691 | 62,542 | 120,691 | 36,033 | -48.18% |
| Mar | 26,437 | 68,452 | 87,172 | 26,437 | +158.92% |
| Apr | 56,774 | 102,592 | 103,093 | 35,524 | +80.70% |
| May | 136,746 | 67,595 | 136,746 | 67,595 | -50.57% |
| Jun | 54,040 | 117,923 | 139,880 | 36,248 | +118.21% |
| Jul | 97,508 | 38,258 | 97,508 | 38,258 | -60.76% |
| Aug | 52,683 | 25,021 | 52,683 | 13,680 | -52.51% |
| Sep | 26,561 | 65,665 | 75,676 | 26,561 | +147.22% |
| Oct | 73,488 | 99,966 | 99,966 | 52,847 | +36.03% |
| Nov | 23,970 | 16,103 | 26,859 | 15,639 | -32.82% |
| Dec | 21,431 | 55,679 | 75,017 | 21,431 | +159.81% |
Events During 2012
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.
ECB President Mario Draghi's July 26, 2012 speech in London ended the acute eurozone crisis. The commitment, backed by Outright Monetary Transactions, arrested peripheral yield spikes without buying a single bond.
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