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10-Year Treasury Yield in 1989

The US 10-year Treasury yield fell 1.21 percentage points in 1989, from 9.14% at the end of 1988 to 7.93%. Its highest close was 9.53% on Mar 20, and its lowest 7.74% on Aug 1.

Change in 1989
−1.21 pp
9.14% → 7.93%
High
9.53%
Mar 20
Low
7.74%
Aug 1
Up days
100 of 250
longest run 4 up, 6 down

10-Year Treasury Yield, daily closes 1989

Numbers mark the events below
7.91%8.64%9.36%JanFebMarAprMayJunJulAugSepOctNovDec1Aug 9: Bush signs FIRREA, creating the Resolution Trust Corporation to dispose of failed thrifts.2Nov 9: East Germany opens the Berlin Wall.

Key Events in 1989

What happened, and how the 10Y yield moved — on the day (or the next trading day) and about a month later.

  1. 1
    Wednesday, August 9
    Bush signs FIRREA, creating the Resolution Trust Corporation to dispose of failed thrifts. Source
    10Y yield: +0.05 pp that day · +0.17 pp a month later
  2. 2
    Thursday, November 9
    East Germany opens the Berlin Wall. Source
    10Y yield: +0.03 pp that day · −0.05 pp a month later

Month by month

MonthCloseChangeHighLow
Jan9.01%−0.13 pp9.27%8.93%
Feb9.32%+0.31 pp9.38%8.95%
Mar9.30%−0.02 pp9.53%9.23%
Apr9.02%−0.28 pp9.34%9.02%
May8.60%−0.42 pp9.16%8.58%
Jun8.10%−0.50 pp8.61%8.10%
Jul7.82%−0.28 pp8.13%7.82%
Aug8.26%+0.44 pp8.29%7.74%
Sep8.31%+0.05 pp8.32%8.09%
Oct7.92%−0.39 pp8.28%7.86%
Nov7.84%−0.08 pp8.00%7.80%
Dec7.93%+0.09 pp7.95%7.77%

Other Markets in 1989

Change over the calendar year.

MarketChangeYear-end
10-Year Treasury Yield−1.21 pp7.93%
Dow Jones Industrial Average in 1989+27.0%2,753.20
S&P 500 in 1989+27.3%353.40
Nasdaq Composite in 1989+19.2%454.80
Russell 2000 in 1989+14.2%168.31
Nikkei 225 in 1989+29.0%38,916.00
Gold in 1989−2.8%$398.60
Silver in 1989−13.8%$5.22
WTI crude oil in 1989+27.6%$21.84
Brent crude oil in 1989+29.7%$21.05
1980198119821983198419851986198719881989

10-Year Treasury Yield in 1989: FAQ

How much did the US 10-year Treasury yield fall in 1989?

The US 10-year Treasury yield fell 1.21 percentage points in 1989, from 9.14% at the end of 1988 to 7.93%. Its highest close was 9.53% on Mar 20, and its lowest 7.74% on Aug 1.

What were the highest and lowest closes of the US 10-year Treasury yield in 1989?

Highest: 9.53% on March 20, 1989. Lowest: 7.74% on August 1, 1989. It closed higher on 100 of 250 trading days.

What happened to the US 10-year Treasury yield on August 9, 1989?

Bush signs FIRREA, creating the Resolution Trust Corporation to dispose of failed thrifts. The US 10-year Treasury yield rose 0.05 percentage points that day, and was +0.17 pp a month later.

Data: 10-year constant-maturity Treasury yield (Federal Reserve H.15 via FRED). Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.