BrokerTec US repo up 24% to $258bn and European gains 12% to $342bn in November yoy

CME Group announced that BrokerTec US Repo average daily notional value (ADNV) increased 24% to $258 billion yoy, down from October’s $274 billion. European Repo ADNV increased 12% to €302 billion ($342.0bn) yoy, slightly down from October’s €304 billion.

John Edwards, global head of BrokerTec, said in a statement: “In November, Repo rates on BrokerTec remained stable across Euro markets. November ADV was €301.6 billion nominal vs. October ADV €304.3 billion. Term Adjusted Repo volume was ADV €326.9 billion vs. October €333.8 billion. On November 1, BrokerTec achieved its third highest EU repo day on record, with €331.8 billion nominal traded.”

US Treasury average daily notional value (ADNV) increased 17% to $127 billion yoy, including a record RV Curve monthly ADNV of $578 million in November.

Erik Norland, senior economist at CME Group, said in a statement: “Two-year and five-year US Treasury yields rose sharply in November as the Fed Funds futures market now prices five Fed rate hikes over the next two years. Longer term US Treasuries and European government bonds showed less concern. US investors appear to believe that the Fed will ultimately succeed in containing inflationary pressures while European investors see little risk of the ECB tightening policy amid a somewhat tepid economic recovery.”

Related Posts

Previous Post
ED&F Man taps TS Imagine for margin platform ahead of UMR
Next Post
Goldman Sachs and AWS to launch data and analytics service

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account