--- title: Tradeweb Reports March Trading Activity description: Newly public firm says average daily volume topped $700 billion for the first time. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-1057617598-May-12-2022-09-21-12-50-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/tradeweb-reports-march-trading-activity#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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The surge was driven by record volumes in U.S. Treasuries, Mortgages, Interest Rate Derivatives, Credit Default Swaps, and European Government Bonds.   Key trends for the month include:   - **Overall Volumes Rise 35.3% Year-Over-Year:** Average daily volume (ADV) for Tradeweb Markets was $709.1 billion across rates, credit, money markets and equities during the month of March, an increase of 35.3% year-over-year and a new monthly volume record for Tradeweb. - **Record Volume in Global Government Bond Markets as Yields Plummet**: U.S. Government bonds saw an ADV of $84.9 billion in March, an increase of 27.4% year-over-year, which set a new monthly record for total Treasury trading volume. Likewise, a record-breaking $24.8 billion in ADV was traded in European Government Bonds, driving the asset class up 20.1% year-over-year. During the month, the U.S. Treasury 10-year yield fell 29.75 basis points to close at 2.41%. In Europe, where the total pool of negative-yielding Eurozone government bonds climbed to nearly 47%, benchmark German and UK government bond yields fell more than 25 basis points. - **Record Derivatives Volume**: Total ADV in Interest Rate Swaps and Swaptions set a new monthly record of $186.7 Billion, climbing 69.9% year-over-year. Likewise, record ADV in CDS of $19.0 billion exceeded the record high set a year ago by 16.6%.   - **Post-Crisis Record in Repo Volume**: ADV in repurchase agreements of $177.7 bn in March set a post-crisis record on further growth in bilateral electronic trading on the Tradeweb platform.   - **MBS Volumes Surge as Uniform Mortgage-Backed Securities Take Root**: MBS trading reached a record high ADV of $179.3 billion – up 39.2% year-over-year – as Tradeweb began forward trading in Fannie Mae and Freddie Mac’s new uniform mortgage-backed securities (UMBS) for the first time. The full Tradeweb Monthly Activity Report for March 2019 is available here: [https://www.tradeweb.com/market\_activity\_reports/](https://u7061146.ct.sendgrid.net/wf/click?upn=G62jSYfZdO-2F12d8lSllQB3e8smOxPOtrHlZJAUJRSt-2BjTNwwQMzLpDSEJVgp8zYU3WyhyFC-2BCnICvy9AbXJXIQD80jozgV2KDAg85f5eJDI-3D_vQeqCS1FlHrz9HpdIz1Sjkm0ARPjcZ-2FjlNIV8iB4crLXAcDghVUmE3PwS7na5hBZMC-2F0J9Qy28WI6NDEGRhRkZ-2FGUdmk5mlf4WEN4aSeBRaiynVnjgpCJHZ-2BS7N5gkBoRO4XMw5FhRKt3-2BUWiReaAcSH1zPfuF7TcyfzsfXLxYldUtFgsoWSS03RGkwp1rPTxVNwPL-2FBOEK4qPLOYCEbU3suKGD6G81IP3cC3j-2B-2FjizTdiiDK4IFo4OCB58-2BelTcU-2Bd4GPfuq-2BjD6iVL2jfsANTzcxH6xdOb79oyXikiKRygFOUV-2FeqDXDQk2stdn2dImAFLYh93ApvxMyF2ENvNuE8NgB9tHYiobYQ9C8OsUOk-3D) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/tradeweb-reports-march-trading-activity) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/tradeweb-reports-march-trading-activity) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/tradeweb-reports-march-trading-activity) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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