Repo ADV climbs 30.8% YoY for August, says Tradeweb
06 September 2024 US
Image: WinWin/stock.adobe.com
Repo average daily volume (ADV) traded on the Tradeweb platform increased 30.8 per cent year-over-year to US$643.5 billion for August 2024.
The record global repo activity was driven by increased client activity on the firm’s electronic repo trading platform.
The combination of quantitative tightening, increased collateral supply, and current rates market activity shifted more assets from the Fed’s reverse repo facility to money markets.
The global operator of electronic marketplaces for rates, credit, equities and money markets reports that the ADV across all asset classes for the month of August reached a record US$2.21 trillion, up 53.9 per cent YoY.
US government bond ADV was up 59.9 per cent YoY to US$228.2 billion. European government bond ADV grew 11.8 per cent to US$36.8 billion.
For swaps and swaptions, ADV climbed 5.4 per cent YoY for the month to US$402.3 billion. Total rates derivatives ADV also increased, rising 35.7 per cent YoY to US$727.4 billion.
In credit markets, fully electronic US credit ADV was up 33.2 per cent YoY to US$6.4 billion, while European credit ADV was down 8.4 per cent YoY to US$1.4 billion.
The record global repo activity was driven by increased client activity on the firm’s electronic repo trading platform.
The combination of quantitative tightening, increased collateral supply, and current rates market activity shifted more assets from the Fed’s reverse repo facility to money markets.
The global operator of electronic marketplaces for rates, credit, equities and money markets reports that the ADV across all asset classes for the month of August reached a record US$2.21 trillion, up 53.9 per cent YoY.
US government bond ADV was up 59.9 per cent YoY to US$228.2 billion. European government bond ADV grew 11.8 per cent to US$36.8 billion.
For swaps and swaptions, ADV climbed 5.4 per cent YoY for the month to US$402.3 billion. Total rates derivatives ADV also increased, rising 35.7 per cent YoY to US$727.4 billion.
In credit markets, fully electronic US credit ADV was up 33.2 per cent YoY to US$6.4 billion, while European credit ADV was down 8.4 per cent YoY to US$1.4 billion.
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