Repo ADV rises 7.2% YoY for July, reports Tradeweb
06 August 2026 US
Image: Francescozano/stock.adobe.com
Repo average daily volume (ADV) traded on the Tradeweb platform increased 7.2 per cent year-on-year (YoY) to US$832.9 billion for July.
According to Tradeweb, the strong global repo ADV was supported by increased client participation across the platform YoY.
In the US, significant growth was driven by the effects of the Fed鈥檚 balance sheet unwind.
Additionally, balances in the Fed鈥檚 reverse repo facility (RRP) remained close to zero for the entirety of the month.
In Europe, continued robust activity YoY was driven by elevated activity amid ongoing geopolitical uncertainty and an uncertain outlook for the future direction of monetary policy.
The firm reports that ADV across all asset classes for the month of July reached US$2.9 trillion, up 23.3 per cent YoY.
US government bond ADV was up 26.1 per cent YoY to US$258 billion. European government bond ADV was up 20.8 per cent YoY to US$61.4 billion.
For swaps and swaptions, ADV jumped 45.3 per cent YoY for the month to US$564.5 billion. Total rates derivatives ADV also increased, rising 49.9 per cent YoY to US$1.2 trillion.
In credit markets, fully electronic US credit ADV was up 15.7 per cent YoY to US$9.4 billion, while European credit ADV rose 4.7 per cent YoY to US$3 billion.
According to Tradeweb, the strong global repo ADV was supported by increased client participation across the platform YoY.
In the US, significant growth was driven by the effects of the Fed鈥檚 balance sheet unwind.
Additionally, balances in the Fed鈥檚 reverse repo facility (RRP) remained close to zero for the entirety of the month.
In Europe, continued robust activity YoY was driven by elevated activity amid ongoing geopolitical uncertainty and an uncertain outlook for the future direction of monetary policy.
The firm reports that ADV across all asset classes for the month of July reached US$2.9 trillion, up 23.3 per cent YoY.
US government bond ADV was up 26.1 per cent YoY to US$258 billion. European government bond ADV was up 20.8 per cent YoY to US$61.4 billion.
For swaps and swaptions, ADV jumped 45.3 per cent YoY for the month to US$564.5 billion. Total rates derivatives ADV also increased, rising 49.9 per cent YoY to US$1.2 trillion.
In credit markets, fully electronic US credit ADV was up 15.7 per cent YoY to US$9.4 billion, while European credit ADV rose 4.7 per cent YoY to US$3 billion.
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