The ISDA-Actrix US Treasury Repo Market Clearing Indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing, the key objective of the Securities and Exchange Commission’s US Treasury clearing mandate.
Note: Following a revision to the treatment of Sponsored GC repo volumes, the figures below have been superseded. See the July 2026 report and accompanying Methodology Revision Notice for updated figures and full details.
Key highlights from the May 2026 report include:
- Total cleared repo average daily volume reached $6.4 trillion in May 2026, up by 0.6% from April 2026.
- Total sponsored cleared repo activity (typically clients) reached $2.4 trillion in May 2026, accounting for 37.8% of total cleared repo activity.
- Sponsored cleared bilateral repo volumes were $1.7 trillion in May 2026, down by 1.6% from April 2026, while sponsored cleared triparty repo volumes were $0.7 trillion, up by 2.8% from April 2026.
- Direct cleared repo activity (typically dealers that are direct clearing members) reached $4.0 trillion in May 2026, up by 1.2% from April 2026.
Click on the PDF to read the full report for May 2026.
An accompanying methodology document is available here.
Interactive charts and downloadable data are available here.
Documents (1) for ISDA-Actrix US Treasury Repo Market Clearing Indicators May 2026
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