Repo ADV jumps 4% YoY for October, reports Tradeweb
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Repo ADV jumps 4% YoY for October, reports Tradeweb 05 November 2026US Reporter: Theodore Law
Image: Anthichada/stock.adobe.com
Repo average daily volume (ADV) traded on the Tradeweb platform jumped 4 per cent year-on-year (YoY) to US$821.9 billion for October.
According to the firm, the strong global repo ADV was supported by increased client participation across the platform YoY.
In the US, growth was driven by higher outstanding US Treasury balances compared to October 2025.
Additionally, balances in the Federal Reserve’s reverse repo facility (RRP) remained close to zero for the whole month.
In Europe, repo activity remained resilient against a backdrop of ongoing geopolitical uncertainty and evolving interest rate expectations, as the European Central Bank held policy rates steady in October following September’s increase.
Tradeweb reports that ADV across all asset classes for the month of October reached US$3.6 trillion, up 26.3 per cent YoY.
US government bond ADV was up 32.6 per cent YoY to US$304.2 billion, while European government bond ADV saw a rise of 12.2 per cent YoY to US$70.9 billion.
For swaps and swaptions, ADV jumped 39.3 per cent YoY for the month to US$698.2 billion. Total rates derivatives ADV also increased, up 48.9 per cent YoY to US$1.7 trillion.
In credit markets, fully electronic US credit ADV rose by 43 per cent YoY to US$11.4 billion, while European credit ADV jumped 9.7 per cent YoY to US$3.2 billion.
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