Sponsored cleared repo volumes hit $2.4tn in September as Treasury clearing builds
ISDA and Actrix publish monthly indicators tracking central clearing adoption in the US Treasury repo market, using sponsored cleared repo volumes as a proxy for client participation ahead of the SEC's Treasury clearing mandate. This brief covers the September 2026 figures and what the growth rates imply for mandate compliance momentum.
- Total cleared repo average daily volume grew to $7.7 trillion in September 2026, up 1.8% from August 2026.
- Sponsored cleared repo activity increased 2.4% to $2.4 trillion, accounting for 31.0% of total cleared repo activity.
- Sponsored cleared bilateral repo volumes totaled $1.6 trillion, up 1.5% from August 2026.
- Sponsored cleared triparty repo volumes were $0.8 trillion, up 4.3% from August 2026.
- Direct cleared repo activity totaled $5.3 trillion, a rise of 1.5% from August 2026.