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Interest Rate Derivatives
2026 YTD vs. 2025 YTD
- Total IRD traded notional and trade count decreased by 22.8% and 23.1%, respectively
- YTD 2026, 73.3% of OIS traded notional had tenors up to and including one year, 17.9% between one and five years, and 8.8% over five years
- YTD 2026, 43.4% of fixed-for-floating IRS traded notional had tenors up to and including one year, 34.5% between one and five years, and 22.0% over five years
- 85.9% of total traded notional was cleared vs. 87.9% last year
- 57.1% of total traded notional was executed on SEFs, flat compared with last year
2026 Current Week vs. 2025 Current Week
Credit Derivatives Reported under CFTC Regulations
2026 YTD vs. 2025 YTD
- Total index credit derivatives traded notional and trade count decreased by 10.2% and 29.0%, respectively
- CDX HY traded notional and trade count decreased by 19.9% and 29.1%, respectively
- CDX IG traded notional and trade count decreased by 2.1% and 16.5%, respectively
- iTraxx Europe traded notional and trade count decreased by 44.5% and 50.2%, respectively
- 68.5% of total traded notional was cleared vs. 76.9% last year
- 65.5% of total traded notional was executed on SEFs vs. 74.8% last year
2026 Current Week vs. 2025 Current Week
Credit Derivatives Reported under SEC Regulations
2026 YTD vs. 2025 YTD
- Total security-based credit derivatives traded notional and trade count decreased by 13.7% and 15.4%, respectively
- Corporate single-name CDS traded notional and trade count decreased by 19.2% and 19.9%, respectively
- Sovereign single-name CDS traded notional and trade count decreased by 12.2% and 14.6%, respectively
- 64.6% of total traded notional was cleared vs. 65.9% last year
2026 Current Week vs. 2025 Current Week
