FICC-cleared MMF repos hit record share in December
Trades routed via clearing house hit $1.3trn, outpacing overall MMF repo expansion
US money market funds cleared 43.3% of their repurchase agreements through the Fixed Income Clearing Corporation (FICC) in December 2025, extending a run of record highs to a fourth consecutive month.
Repos traded via FICC spiked 11.6% in the last month of 2025 to an all-time high of $1.3 trillion. This outpaced the overall increase in MMF repo investments, which grew 5.6% to $2.99 trillion
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