Repo ADV climbs 17.4% YoY for January, reports Tradeweb
05 February 2026 US
Image: anatoliy_glebstock.adobe.com
Repo average daily volume (ADV) traded on the Tradeweb platform climbed 17.4 per cent YoY to US$857.9 billion for January.
According to Tradeweb, record global repo average daily volume was supported by increased client participation across the platform YoY.
Additionally, balances in the Fed鈥檚 reverse repo facility (RRP) remained close to zero for the majority of the month, with a small spike toward month-end.
In Europe, December activity remained subdued, with most dealers managing their balance sheet and funding position into year-end and volatility remained low.
The global operator of electronic marketplaces for rates, credit, equities, and money markets reports that ADV across all asset classes for the month of January reached US$3.1 trillion, up 26.2 per cent YoY.
US government bond ADV was up 15.3 per cent YoY to US$267.7 billion. European government bond ADV was up 36 per cent YoY to US$79.4 billion.
For swaps and swaptions, ADV was up 34.6 per cent YoY for the month to US$591trillion. Total rates derivatives ADV also increased, rising 51.1 per cent YoY to US$1.2 trillion.
In credit markets, fully electronic US credit ADV was up 24.4 per cent YoY to US$9.4 billion, while European credit ADV jumped 44 per cent YoY to US$3.5 billion.
According to Tradeweb, record global repo average daily volume was supported by increased client participation across the platform YoY.
Additionally, balances in the Fed鈥檚 reverse repo facility (RRP) remained close to zero for the majority of the month, with a small spike toward month-end.
In Europe, December activity remained subdued, with most dealers managing their balance sheet and funding position into year-end and volatility remained low.
The global operator of electronic marketplaces for rates, credit, equities, and money markets reports that ADV across all asset classes for the month of January reached US$3.1 trillion, up 26.2 per cent YoY.
US government bond ADV was up 15.3 per cent YoY to US$267.7 billion. European government bond ADV was up 36 per cent YoY to US$79.4 billion.
For swaps and swaptions, ADV was up 34.6 per cent YoY for the month to US$591trillion. Total rates derivatives ADV also increased, rising 51.1 per cent YoY to US$1.2 trillion.
In credit markets, fully electronic US credit ADV was up 24.4 per cent YoY to US$9.4 billion, while European credit ADV jumped 44 per cent YoY to US$3.5 billion.
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