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Repo ADV rises 15% YoY for April says Tradeweb
07 May 2026 US
Image: somchairakin/stock.adobe.com
Repo average daily volume (ADV) traded on the Tradeweb platform climbed 15 per cent year-on-year (YoY) to US$881.1 billion for April.
According to Tradeweb, the global repo average daily volume was supported by increased client participation across the platform YoY.
In the US, strong growth continued to be driven by the effects of the Fed’s balance sheet unwind.
Additionally, balances in the Fed’s reverse repo facility (RRP) remained close to zero for the majority of the month, with a small spike at month end.
In Europe, strong activity continued to be driven by geopolitical tensions which kept volatility and demand for funding high.
The firm reports that ADV across all asset classes for the month of April reached US$2.9 trillion, up 7.7 per cent YoY.
US government bond ADV was down 17.3 per cent YoY to US$240.2 billion. European government bond ADV was up 5.2 per cent YoY to US$61.9 billion.
For swaps and swaptions, ADV jumped 9.8 per cent YoY for the month to US$575.1 billion. Total rates derivatives ADV also increased, rising 12.4 per cent YoY to US$1.1 trillion.
In credit markets, fully electronic US credit ADV was up 3.9 per cent YoY to US$9.2 billion, while European credit ADV rose 7.2 per cent YoY to US$2.9 billion.
According to Tradeweb, the global repo average daily volume was supported by increased client participation across the platform YoY.
In the US, strong growth continued to be driven by the effects of the Fed’s balance sheet unwind.
Additionally, balances in the Fed’s reverse repo facility (RRP) remained close to zero for the majority of the month, with a small spike at month end.
In Europe, strong activity continued to be driven by geopolitical tensions which kept volatility and demand for funding high.
The firm reports that ADV across all asset classes for the month of April reached US$2.9 trillion, up 7.7 per cent YoY.
US government bond ADV was down 17.3 per cent YoY to US$240.2 billion. European government bond ADV was up 5.2 per cent YoY to US$61.9 billion.
For swaps and swaptions, ADV jumped 9.8 per cent YoY for the month to US$575.1 billion. Total rates derivatives ADV also increased, rising 12.4 per cent YoY to US$1.1 trillion.
In credit markets, fully electronic US credit ADV was up 3.9 per cent YoY to US$9.2 billion, while European credit ADV rose 7.2 per cent YoY to US$2.9 billion.
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