Repo ADV rises 16.6% YoY for August, says Tradeweb
08 September 2025 US
Image: KamStudio/stock.adobe.com
Repo average daily volume (ADV) traded on the Tradeweb platform rose 16.6 per cent year-over-year (YoY) to US$750.4 billion for August.
In the US, strong growth was driven by the effects of the Fed’s balance sheet unwind. Additionally, balances in the Fed’s reverse repo facility (RRF) remained at low levels throughout most of the month, despite an increase into month-end.
Tradeweb data shows that, in Europe, volumes were driven by increased government bond issuance as well as market volatility.
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 US$2.5 trillion, up 11.3 per cent YoY.
US government bond ADV was down 3.9 per cent YoY to US$219.2 billion. European government bond ADV was up 20.4 per cent YoY to US$44.3 billion.
For swaps and swaptions, ADV jumped 8 per cent YoY for the month to US$434.5 billion. Total rates derivatives ADV also increased, rising 20.8 per cent YoY to US$878.5 billion.
In credit markets, fully electronic US credit ADV climbed 3.6 per cent YoY to US$6.7 billion, while European credit ADV climbed 23.8 per cent YoY to US$1.8 billion.
In the US, strong growth was driven by the effects of the Fed’s balance sheet unwind. Additionally, balances in the Fed’s reverse repo facility (RRF) remained at low levels throughout most of the month, despite an increase into month-end.
Tradeweb data shows that, in Europe, volumes were driven by increased government bond issuance as well as market volatility.
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 US$2.5 trillion, up 11.3 per cent YoY.
US government bond ADV was down 3.9 per cent YoY to US$219.2 billion. European government bond ADV was up 20.4 per cent YoY to US$44.3 billion.
For swaps and swaptions, ADV jumped 8 per cent YoY for the month to US$434.5 billion. Total rates derivatives ADV also increased, rising 20.8 per cent YoY to US$878.5 billion.
In credit markets, fully electronic US credit ADV climbed 3.6 per cent YoY to US$6.7 billion, while European credit ADV climbed 23.8 per cent YoY to US$1.8 billion.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
