The world is getting shorter: the last two months have seen asset borrowing volumes rise fast. European equity volume is up 110 percent since February 1, with US equities rising 20 percent to a peak last week, recording a net gain of 16 percent by volume now. Utilisation has risen in line, hitting 7 percent for European equities. The correlation suggests that there has not been a significant change in the supply over that period, despite some funds elsewhere in the world reducing their lending activity and some short selling bans coming into effect more recently.
