- June securities finance revenues of $1.080 billion
- Q2 securities finance revenues of $3.605 billion
- Increased fees across all markets push revenues higher
- Balances and utlization continue to decline
During the month of June securities finance revenues reached $1.080 billion. Despite surpassing the $1 billion mark for a sixth successive month, revenues declined 5% year-over-year (yoy) and 13% month-on-month (mom). For the first time this year, during June, revenues declined across Americas equities (-15%) but increased across both Asian (+8%) and European (+1%) equities.
Across fixed income assets, strong growth in revenues continued with corporate bond revenues posting an increase of 24% and government bond revenues increasing by 5% yoy. Across all asset classes utilization and average balances generally declined with Asia equities being the only asset class to experience an increase yoy in relation to the value of stock on loan. Average fees remained robust throughout the month increasing across the majority of asset classes.
During Q2, revenues generated by all securities reached $3.6 billion (+7.3% yoy) and during H1, securities finance revenues across all securities reached $7.02 billion.
