Check out the latest SwapsInfo First Quarter of 202 Review and Transition to RFRs Review: First Quarter of 2023.
Interest Rate Derivatives
2023 YTD vs. 2022 YTD
- Total IRD traded notional and trade count increased by 22% and 27%, respectively
- Fixed-for-floating IRS traded notional decreased by 39%, while trade count increased by 3%
- FRA traded notional and trade count increased by 38% and 47%, respectively
- OIS traded notional and trade count increased by 64% and 59%, respectively
- 78% of total traded notional was cleared vs. 75% last year
- 54% of total traded notional was executed on SEFs vs. 59% last year
![](https://cdn.analysis.swapsinfo.org/core/uploads/2023/05/IRD-YTD-2023.05.08-1.jpg)
2023 Current Week vs. 2022 Current Week
![](https://cdn.analysis.swapsinfo.org/core/uploads/2023/05/IRD-Week-2023.05.08.jpg)
Interest Rate Derivatives: Benchmark Data
YTD Ending May 5, 2023
- SOFR traded notional totaled $29.1 trillion, including $3.0 trillion of basis swaps. Trade count totaled 313.6 thousand, including 20.9 thousand basis swaps
- SONIA traded notional totaled $11.4 trillion, including $325.6 billion of basis swaps. Trade count totaled 60.6 thousand, including 2.8 thousand basis swaps
- SARON traded notional totaled $385.5 billion, including $37.7 billion of basis swaps. Trade count totaled 8.2 thousand, including 380 basis swaps
- TONA traded notional totaled $2.2 trillion, including $482.0 billion of basis swaps. Trade count totaled 28.8 thousand, including 4.6 thousand basis swaps
- €STR traded notional totaled $20.1 trillion, including $748.2 billion of basis swaps. Trade count totaled 42.5 thousand, including 5.0 thousand basis swaps
![](https://cdn.analysis.swapsinfo.org/core/uploads/2023/05/Benchmark-2023.05.05_Updated.png)
Click here to view RFR data by product and tenor and RFR historical data
Credit Derivatives Reported under CFTC Regulation
2023 YTD vs. 2022 YTD
- Total credit derivatives traded notional and trade count decreased by 22% and 10%, respectively
- CDX HY traded notional and trade count decreased by 14% and 7%, respectively
- CDX IG traded notional and trade count decreased by 18% and 6%, respectively
- iTraxx Europe traded notional and trade count decreased by 26% and 7%, respectively
- 87% of total traded notional was cleared vs. 83% last year
- 85% of total traded notional was executed on SEFs vs. 82% last year
![](https://cdn.analysis.swapsinfo.org/core/uploads/2023/05/CDS-YTD-2023.05.08.jpg)
2023 Current Week vs. 2022 Current Week
![](https://cdn.analysis.swapsinfo.org/core/uploads/2023/05/CDS-Week-2023.05.08.jpg)
Credit Derivatives Reported under SEC Regulation
YTD Ending May 5, 2023
- Credit derivatives traded notional totaled $256.5 billion, while trade count totaled 80.6 thousand
- Corporate single-name CDS traded notional totaled $194.3 billion, and trade count was 61.6 thousand
- Sovereign single-name CDS traded notional totaled $50.2 billion, and trade count was 12.7 thousand
- 51% of total traded notional was cleared
![](https://cdn.analysis.swapsinfo.org/core/uploads/2023/05/SEC-Credit-2023.05.08.jpg)