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Interest Rate Derivatives
2026 YTD vs. 2025 YTD
- Total IRD traded notional and trade count decreased by 26.3% and 25.9%, respectively
- YTD 2026, 72.7% of OIS traded notional had tenors up to and including one year, 18.5% between one and five years, and 8.8% over five years
- YTD 2026, 41.5% of fixed-for-floating IRS traded notional had tenors up to and including one year, 36.3% between one and five years, and 22.2% over five years
- 86.3% of total traded notional was cleared vs. 88.1% last year
- 59.4% of total traded notional was executed on SEFs vs. 57.8% 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 11.6% and 32.0%, respectively
- CDX HY traded notional and trade count decreased by 20.6% and 28.9%, respectively
- CDX IG traded notional and trade count decreased by 3.9% and 19.7%, respectively
- iTraxx Europe traded notional and trade count decreased by 48.0% and 56.0%, respectively
- 69.0% of total traded notional was cleared vs. 78.3% last year
- 66.2% of total traded notional was executed on SEFs vs. 76.7% 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 14.0% and 17.5%, respectively
- Corporate single-name CDS traded notional and trade count decreased by 15.6% and 18.7%, respectively
- Sovereign single-name CDS traded notional and trade count decreased by 22.5% and 28.3%, respectively
- 64.8% of total traded notional was cleared vs. 64.1% last year
2026 Current Week vs. 2025 Current Week
