Interest Rate and Credit Derivatives Weekly Trading Volume: Week Ending January 12, 2024

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Credit Derivatives Reported under CFTC Regulations

2024 YTD vs. 2023 YTD

  • Total index credit derivatives traded notional and trade count decreased by 9% and 5%, respectively
    • CDX HY traded notional and trade count decreased by 18% and 8%, respectively
    • CDX IG traded notional and trade count decreased by 9% and 10%, respectively
    • iTraxx Europe traded notional and trade count decreased by 6% and 4%, respectively
  • 83% of total traded notional was cleared vs. 82% last year
  • 83% of total traded notional was executed on SEFs vs. 80% last year

 

2023 Current Week vs. 2022 Current Week

Credit Derivatives Reported under SEC Regulations

2024 YTD vs. 2023 YTD

  • Total security-based credit derivatives traded notional increased by 0.3%, while trade count decreased by 1%
    • Corporate single-name CDS traded notional and trade count decreased by 3% and 2%, respectively
    • Sovereign single-name CDS traded notional and trade count increased by 3% and 9%, respectively
  • 47% of total traded notional was cleared vs. 54% last year

 

2023 Current Week vs. 2022 Current Week