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.
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.
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