US TGCR Treasury Repo Interest Rate Trading Volume
US TGCR Treasury Repo Interest Rate Trading Volume stood at 1,189 USD billion on Oct 15, 2026, according to New York FED (Markets Data API). It is one of the indicators in the Money market turnover table (Value · Daily), with a complete series running from Apr 2, 2018 to Oct 15, 2026. The complete series with an interactive chart, free to download.
This indicator in the Money market turnover table
| Indicator | 15-10-2026 | 14-10-2026 | 13-10-2026 | 09-10-2026 | 08-10-2026 | 07-10-2026 | 06-10-2026 | 05-10-2026 | 02-10-2026 | 01-10-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TGCR - Treasury Repo | 1,189 | 1,189 | 1,195 | 1,199 | 1,189 | 1,181 | 1,180 | 1,168 | 1,174 | 1,178 | |
| BGCR - Broad General Collateral Rate | 1,223 | 1,228 | 1,226 | 1,243 | 1,228 | 1,229 | 1,219 | 1,209 | 1,211 | 1,221 | |
| OBFR - Overnight Bank Funding Rate | 232 | 229 | 209 | 229 | 241 | 220 | 225 | 243 | 243 | 256 |
Understanding US TGCR Treasury Repo Interest Rate Trading Volume
The index reflects the volume of cash turnover through government debt repo contracts in the overnight tri-party trading segment. This volume narrows in scope compared to the entire secured market, focusing solely on agreements involving independent clearing and settlement intermediaries. The metric completely excludes liquidity intervention operations from market management as well as direct bilateral negotiation contracts between two parties.
Data is published daily based on data gathered from pricing and intermediate settlement parties. Initial estimated values are sometimes updated if errors are detected during the reporting and transaction consolidation process. Investors should exercise caution when comparing turnover between normal business days and sessions immediately preceding holidays, periods when borrowed cash flows typically experience significant declines. Cross-checking by weekly or monthly cycles helps eliminate short-term anomalies in the money market.
Frequently asked questions
- How does this metric differ from total broad repo turnover volume?
- This measure only counts transactions executed through tri-party clearing intermediaries using public debt instruments as collateral.
- What factors cause a sudden drop in this trading scale?
- Collateral shortages or a shift by counterparties toward unsecured borrowing forms can reduce the volume of exchanged funds.
- Does this data reflect direct transactions between two banks?
- All bilateral transactions executed without an intermediary clearing unit are excluded from this index.