Rate options and futures volumes plummet $10trn in Q3

Open interest in exchange-traded interest rate futures and options contracted 9% in Q3, to $109 trillion, data from the Bank for International Settlements (BIS) shows.

Short-term interest rate options, those with maturities of up to one year, retrenched the most, by 10% to $72 trillion. Short-term interest rate futures fell back 6% to $34 trillion.

Open interest in long-term rate options shrunk 9% to $968 billion, and in long-term rate futures by 5% to $2.8 trillion.

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Daily average