Check out the latest research papers:

SwapsInfo Full Year 2025 and the Fourth Quarter of 2025 Review

IRRBB Management in Emerging Market and Developing Economies: The Role of Derivatives in Supporting Financial Stability and Economic Development

Interest Rate Derivatives

2026 YTD vs. 2025 YTD

  • Total IRD traded notional and trade count increased by 25.0% and 26.6%, respectively
    • YTD 2026, 73.8% of OIS traded notional had tenors up to and including one year, 17.6% between one and five years, and 8.6% over five years
    • YTD 2026, 46.5% of fixed-for-floating IRS traded notional had tenors up to and including one year, 33.8% between one and five years, and 19.8% over five years
  • 86.7% of total traded notional was cleared vs. 86.5% last year
  • 56.6% of total traded notional was executed on SEFs vs. 55.5% with last year

 

 

Credit Derivatives Reported under CFTC Regulations

2026 YTD vs. 2025 YTD

  • Total index credit derivatives traded notional and trade count increased by 29.5% and 8.1%, respectively
    • CDX HY traded notional and trade count increased by 15.4% and 7.9%, respectively
    • CDX IG traded notional and trade count increased by 47.4% and 23.5%, respectively
    • iTraxx Europe traded notional increased by 10.7%, while trade count decreased by 3.2%
  • 76.6% of total traded notional was cleared vs. 78.3% last year
  • 74.1% of total traded notional was executed on SEFs vs. 75.6% 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 0.7% and 5.0%, respectively
    • Corporate single-name CDS traded notional and trade count decreased by 2.5% and 7.2%, respectively
    • Sovereign single-name CDS traded notional increased by 2.6%, while trade count decreased by 2.2%
  • 62.5% of total traded notional was cleared vs. 63.0% last year

 

2026 Current Week vs. 2025 Current Week