---
title: Tradeweb Sees U.S. Credit Gains in January
description: ADV of $2.7 billion in investment grade corporate bonds surged 60% YOY.
---

[Articles Marketmedia](https://articles.marketsmedia.com)

# [Tradeweb Sees U.S. Credit Gains in January](https://articles.marketsmedia.com/tradeweb-sees-u-s-credit-gains-in-january)

 Written by [Terry Flanagan](https://articles.marketsmedia.com/author/terry) | Feb 6, 2019 2:56:53 PM

Tradeweb has published its January 2019 Monthly Activity Report, which captures trading activity in rates, credit, money markets and equities.

While growth was broad-based across all asset classes traded on the Tradeweb platform, some of the sharpest gains were noted in investment grade and high-yield U.S. credit, mortgage-backed securities, and Chinese bonds.

Key trends for the month include:

- **Record January – Volumes Surge 20.7% Year-Over-Year:** Average daily volume (ADV) for Tradeweb Markets was $624.5 billion across all products during the month of January, an increase of 20.7% year-over-year representing a new record for the platform.
- **Investment Grade and High-Yield U.S. Credit Volumes Set New Record**: ADV of $2.7 billion in U.S. investment grade corporate credit was up 59.9% year-over-year and ADV of $0.4 billion in U.S. high-yield corporate credit was up 44.6% year-over-year. Both were new records on Tradeweb, with the platform’s high-yield volume accounting for 11.1% of total TRACE volume industry-wide.
- **Mortgage Volumes Post Best Month in Five Years:** Mortgage trading on Tradeweb averaged $164.4 billion per day, up over 16.3% compared to January 2018, its best month in over five years.
- **China Bond Market Activity Continues to Grow: ** Investor interest in Chinese markets continues apace on Tradeweb. ADV in Chinese bonds was $0.9 billion, an increase of 56.1% year-over-year.
- **Repo Volume Sets Post-Crisis Record:** ADV in Repurchase Agreements grew 23.6% year-over-year, topping $170 billion during the month of January, a post- financial crisis record.
- **Rates Derivatives and European ETFs Continue to Grow: Rates derivatives trading volume grew 35.5% year-over-year in January while** European ETF trading volume increased 36.4%.

The full Tradeweb Monthly Activity Report for January 2019 is available here: [https://www.tradeweb.com/market\_activity\_reports/](http://email.prnewswire.com/wf/click?upn=9aiFW3qc4M6QDjkg0kHaZ6nF9NzWo-2FuknyhJtetBfcruU19-2FlUCMNUvWxkQ4B-2BrkXUw46Rr-2Bogsbde9-2F7PNuI8nEb8pQavT7XSeGVgS5GslfVEBj9C20IFiH6yYNYJrPm6Cs6ZM2o-2FwVxZzDBwR-2BF0M-2Fq-2BDoVGQ2-2BIXZPexieqL8Tu9y-2BWR-2BOe0RZ3puEk9LlRmWq5gSRh-2Bid3USPPHq6K11-2FI8UZpf-2FIWLomEH3es2xwMxgDlj7PgPYgEHXIzJq_vQeqCS1FlHrz9HpdIz1Sjkm0ARPjcZ-2FjlNIV8iB4crLXAcDghVUmE3PwS7na5hBZknwlpR-2FFpf3D4FRXTzxXe-2FaRd8ShRCo5m7jUph8Nmw2hRIpkv5wrz4jY82qU3owrqBaiiHFG3A7Y-2BFBtG4lqDvMQk-2FsNBbImVLAdbH5e3cpJRe7uEP5DyD8-2BhIrEx1EuAD3cQSpRQSfKhvkre7CMdtqhNxVeW9-2FOGhb8ZNy1MPF2B5XKx1Uys4cnfaFtcR273e2DlnE23jP2liwt-2FPKE39uvtiQu5mUKg1KKxHTuy9JShB17LeYUD84-2FpVwF9aac)

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