Securities lending revenues generate $1.128 billion during July 2023, down 7% year-on-year (yoy) and up 4.5% month-on-month (mom) with Asian equity revenues spiking 18% year-on-year (yoy), according to data from S&P Global Market Intelligence.
Revenues across all of the main asset classes experienced declined yoy apart from Asian equities (+18%), corporate bonds (+22%) and government bonds (+3%). Balances declined by 9% yoy across all securities, but Asia equities experienced a surprise increase in balances of 10% (YoY).
Asia equities was the standout asset class over the month with increases seen across all metrics apart from utilization. All asset classes experienced a fall in utilization yoy which has become a general trend over the last quarter.
