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Interest Rate Derivatives
2026 Current Week vs. 2025 Current Week
- Total IRD traded notional and trade count decreased by 37.5% and 48.4%, respectively
- YTD 2025, 73.1% of OIS traded notional had tenors up to and including one year, 18.2% between one and five years, and 8.7% over five years
- YTD 2025, 45.0% of fixed-for-floating IRS traded notional had tenors up to and including one year, 32.7% between one and five years, and 22.3% over five years
- 87.0% of total traded notional was cleared vs. 89.4% last year
- 54.4% of total traded notional was executed on SEFs vs. 65.1% last year
Credit Derivatives Reported under CFTC Regulations
2026 Current Week vs. 2025 Current Week
- Total index credit derivatives traded notional and trade count decreased by 18.4% and 36.6%, respectively
- CDX HY traded notional and trade count decreased by 33.7% and 36.0%, respectively
- CDX IG traded notional and trade count decreased by 7.5% and 24.1%, respectively
- iTraxx Europe traded notional and trade count decreased by 41.2% and 49.7%, respectively
- 70.6% of total traded notional was cleared vs. 78.5% last year
- 73.7% of total traded notional was executed on SEFs vs. 75.8% last year
Credit Derivatives Reported under SEC Regulations
2026 Current Week vs. 2025 Current Week
- Total security-based credit derivatives traded notional and trade count decreased by 36.8% and 25.6%, respectively
- Corporate single-name CDS traded notional and trade count decreased by 79.5% and 81.9%, respectively
- Sovereign single-name CDS traded notional and trade count decreased by 32.1% and 33.9%, respectively
- 26.5% of total traded notional was cleared vs. 47.0% last year
