Repo ADV grows 27.7% YoY for June, says Tradeweb
08 July 2025 US
Image: md/stock.adobe.com
Repo average daily volume (ADV) traded on the Tradeweb platform jumped 27.7 per cent year-over-year (YoY) to US$765.1 billion for June.
Global repo trading activity was supported by increased client participation across the platform, the firm says.
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 remained at relatively low levels throughout most of the month, despite an increase into month-end.
In Europe, volumes were driven by increased government bond issuance as well as market volatility, Tradeweb’s data reveals.
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 June reached US$2.4 trillion, up 25.9 per cent YoY.
US government bond ADV was up 6.1 per cent YoY to US$223.6 billion. European government bond ADV increased 10 per cent to US$55.6 billion.
For swaps and swaptions, ADV climbed 13.2 per cent YoY for the month to US$494.9 billion. Total rates derivatives ADV also increased, rising 6 per cent YoY to US$828.8 billion.
In credit markets, fully electronic US credit ADV was up 14.1 per cent YoY to US$8.1 billion, while European credit ADV remained flat YoY at US$2.5 billion.
Global repo trading activity was supported by increased client participation across the platform, the firm says.
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 remained at relatively low levels throughout most of the month, despite an increase into month-end.
In Europe, volumes were driven by increased government bond issuance as well as market volatility, Tradeweb’s data reveals.
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 June reached US$2.4 trillion, up 25.9 per cent YoY.
US government bond ADV was up 6.1 per cent YoY to US$223.6 billion. European government bond ADV increased 10 per cent to US$55.6 billion.
For swaps and swaptions, ADV climbed 13.2 per cent YoY for the month to US$494.9 billion. Total rates derivatives ADV also increased, rising 6 per cent YoY to US$828.8 billion.
In credit markets, fully electronic US credit ADV was up 14.1 per cent YoY to US$8.1 billion, while European credit ADV remained flat YoY at US$2.5 billion.
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