IRD and CDS Weekly Analysis: week ending April 10, 2015

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Interest Rates Derivatives

2015 year-to-date vs. 2014 year-to-date

  • Overall interest rate notionals were down 17%, while trade counts increased 8%
  • Cleared notionals were down 22%, while trade counts were at 0%
  • SEF notionals were down 12%, while trade counts were up 11%
  • 73% of total notional was cleared vs. 78%
  • 55% of total notional was executed On SEF vs. 52%

2015 current week vs. 2014 current week

  • Both overall interest rate notionals and trade counts were down 25% and 7% respectively
  • Both cleared notionals and trade counts were down 27% and 9% respectively
  • Both SEF notionals and trade counts were down 15% and 5% respectively
  • 77% of total notional was cleared vs. 79%
  • 57% of total notional was executed On SEF vs. 50%

Go to the SwapsInfo IRD Price/Transaction page

Credit Default Swaps

2015 year-to-date vs. 2014 year-to-date

  • Overall CDS notionals were down 11%, while trade counts were down 1%
  • Both cleared notionals and trade counts were up 12% and 22% respectively
  • Both SEF notionals and trade counts were up 33% and 38% respectively
  • 80% of total notional was cleared vs. 64%
  • 71% of total notional was executed On SEF vs. 47%

2015 current week vs. 2014 current week

  • Both overall CDS notionals and trade counts were down 35% and 32% respectively
  • Both cleared notionals and trade counts were down 40% and 40% respectively
  • Both SEF notionals and trade counts decreased 37% and 40% respectively
  • 72% of total notional was cleared vs. 78%
  • 65% of total notional was executed On SEF vs. 67%

Go to the SwapsInfo CDS Price/Transaction page