IR swaps market for US funds rebounds in Q1

Counterparty Radar: Notional traded by mutual funds, ETFs bounces back to early-2022 levels


Mutual funds and exchange-traded funds regained their mojo in interest rate swaps trading during the first quarter of the year, boosting their notional holdings by roughly $122 billion.

At the end of Q1, the sector’s aggregate stood at approximately $804 billion, a 19% increase compared to the previous quarter and the highest total since the second quarter of 2022, when gross notional exposure was about $825 billion.

Pimco, Capital Group and the other major players in the market spearheaded

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here