Short-term interest rate ETD notionals leap $14trn in Q2
Open interest in exchange-traded options with maturities of a year or less rise 19%
Traders piled into exchange-traded interest rate derivatives in the second quarter, sending open interest up 14%. Most of this growth was in short-term interest rate options.
Open interest in these contracts, which typically have maturities of one year of less, jumped $12.7 trillion (19%) to $79.7 trillion notional in the three months to end-June. Year-on-year, open interest rose $25.6 trillion (47%).
Daily average turnover hit $3.5 trillion in June, the highest since August 2007, up from $2
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