Graph and download economic data for 5-Year Swap Rate (DISCONTINUED) (DSWP5) from 2000-07-03 to 2016-10-28 about swaps, 5-year, interest rate, interest, rate, and USA.

TraditionData’s Interest Rate Swaps service offers comprehensive coverage across 33 currencies, focusing on portfolio interest rate risk management and yield enhancement. This service includes:

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United States Interest Rate Swaps: Mth Avg: 10 Year data was reported at 3.174 % pa in Nov 2018. This records a decrease from the previous number of 3.205 % pa for Oct 2018. United States Interest Rate Swaps: Mth Avg: 10 Year data is updated monthly, averaging 3.587 % pa from Jul 2000 (Median) to Nov 2018, with 221 observations. The data reached an all-time high of 7.237 % pa in Jul 2000 and a record low of 1.393 % pa in Jul 2016. United States Interest Rate Swaps: Mth Avg: 10 Year data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M014: Interest Rate: Swaps Rates.

Graph and download economic data for 10-Year Swap Rate (DISCONTINUED) (DSWP10) from 2000-07-03 to 2016-10-28 about swaps, 10-year, interest rate, interest, rate, and USA.

Russia USD/RUB Swap: Overnight: Base Swap Rate data was reported at 87.115 USD/RUB in 25 Feb 2022. This records an increase from the previous number of 80.647 USD/RUB for 24 Feb 2022. Russia USD/RUB Swap: Overnight: Base Swap Rate data is updated daily, averaging 35.939 USD/RUB from Sep 2002 (Median) to 25 Feb 2022, with 4597 observations. The data reached an all-time high of 87.115 USD/RUB in 25 Feb 2022 and a record low of 23.125 USD/RUB in 16 Jul 2008. Russia USD/RUB Swap: Overnight: Base Swap Rate data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under High Frequency Database’s Swap Rates – Table RU.ME002: ForEx Swap Transactions: Bank of Russia: Terms.

TraditionData offers a comprehensive basis swaps data package, providing coverage across 17 currencies. Key aspects of this service include:

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Russia USD/RUB Swap: Overnight: RUB Interest Rate data was reported at 10.500 % pa in 25 Feb 2022. This stayed constant from the previous number of 10.500 % pa for 24 Feb 2022. Russia USD/RUB Swap: Overnight: RUB Interest Rate data is updated daily, averaging 8.500 % pa from Sep 2002 (Median) to 25 Feb 2022, with 4597 observations. The data reached an all-time high of 18.000 % pa in 30 Jan 2015 and a record low of 5.250 % pa in 19 Mar 2021. Russia USD/RUB Swap: Overnight: RUB Interest Rate data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under High Frequency Database’s Swap Rates – Table RU.ME002: ForEx Swap Transactions: Bank of Russia: Terms.

Russia USD/RUB Swap Rate: NFEA: Yield: 1W data was reported at 15.980 % pa in 30 Mar 2022. This stayed constant from the previous number of 15.980 % pa for 29 Mar 2022. Russia USD/RUB Swap Rate: NFEA: Yield: 1W data is updated daily, averaging 6.458 % pa from Dec 2009 (Median) to 30 Mar 2022, with 3003 observations. The data reached an all-time high of 29.240 % pa in 18 Dec 2014 and a record low of 1.904 % pa in 24 Dec 2010. Russia USD/RUB Swap Rate: NFEA: Yield: 1W data remains active status in CEIC and is reported by Self-regulatory organisation «National Finance Association». The data is categorized under High Frequency Database’s Swap Rates – Table RU.ME004: ForEx Swap Rate: National Foreign Exchange Association (NFEA).

TraditionData’s Overnight Indexed Swaps (OIS) Data service provides comprehensive market data for OIS, including alternative reference rates.

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TraditionData’s Inflation Swaps service offers detailed market data for managing the risk of future inflation. This service provides:

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Interest Rate Swaps Market Outlook

According to our latest research, the global interest rate swaps market size reached USD 3.18 trillion in 2024, demonstrating a robust presence in the global derivatives landscape. The market is projected to expand at a CAGR of 6.1% from 2025 to 2033, with the total market value forecasted to reach USD 5.41 trillion by 2033. This steady growth is primarily driven by the increasing volatility in interest rates, the rising need for risk management solutions among financial institutions and corporates, and the ongoing development of sophisticated financial products. As per our latest research, the demand for interest rate swaps continues to surge, underpinned by macroeconomic shifts and evolving regulatory frameworks.

The growth of the interest rate swaps market is significantly influenced by the heightened volatility in global interest rates. Central banks across various regions have adopted divergent monetary policies in response to inflationary pressures, economic recovery post-pandemic, and geopolitical uncertainties. These policy shifts have resulted in unpredictable interest rate movements, prompting financial institutions, corporates, and governments to seek effective hedging mechanisms. Interest rate swaps, by enabling parties to exchange fixed and floating rate obligations, offer a flexible solution to manage interest rate exposure. The proliferation of advanced analytics and risk management tools has further empowered market participants to optimize their swap strategies, thereby fueling market expansion.

Another key growth factor for the interest rate swaps market is the increasing sophistication and participation of non-bank entities. Corporates are now more proactive in managing their debt portfolios, leveraging swaps to lock in favorable rates, reduce borrowing costs, and enhance financial predictability. The emergence of fintech platforms and electronic trading venues has made it easier for smaller institutions and corporates to access swap markets, democratizing participation and boosting overall transaction volumes. Additionally, the integration of artificial intelligence and machine learning in pricing and risk assessment is enhancing transparency and efficiency, further attracting new entrants and driving market growth.

Regulatory developments also play a pivotal role in shaping the trajectory of the interest rate swaps market. Post-2008 reforms, such as the Dodd-Frank Act in the United States and EMIR in Europe, have increased the transparency and security of swap transactions by mandating central clearing for standardized contracts and enhancing reporting requirements. These regulations have not only mitigated counterparty risk but also encouraged greater adoption of interest rate swaps among institutional investors. Furthermore, the transition from LIBOR to alternative reference rates has led to a surge in swap activity as market participants restructure existing contracts and adapt to new benchmarks, thereby sustaining market momentum.

From a regional perspective, North America and Europe continue to dominate the interest rate swaps market due to the maturity of their financial systems, high levels of institutional participation, and advanced regulatory environments. However, the Asia Pacific region is emerging as a significant growth engine, driven by rapid financial market liberalization, rising cross-border investments, and the increasing sophistication of local financial institutions. Latin America and the Middle East & Africa, while currently representing smaller shares, are expected to witness accelerated growth as financial infrastructure improves and market awareness increases. Overall, the global interest rate swaps landscape is poised for sustained expansion, supported by a confluence of macroeconomic, technological, and regulatory factors.

The role of Credit Default Swap Index in the financial markets has been increasingly significant, particularly as investors and institutions seek to manage credit risk more effectively. These indices aggregate the credit default swaps of various entities, providing a benchmark for credit risk assessment and trading. By offering a standardized measure of credit risk, Credit Default Swap Indices facilitate greater market transparency and liquidity, allowing participants to hedge or speculate on the credi

Global interest rate (gross - gross), for interest rate swaps, total (all currencies), us dollar, total (all maturities), non-reporters, All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), herfindahl index

Global interest rate (net - net), for interest rate swaps, total (all currencies), us dollar, total (all maturities), non-financial customers, All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), outstanding - gross market values

Interest Rate Swaps Market Outlook

According to our latest research, the global interest rate swaps market size reached USD 12.4 trillion in 2024, with a robust compound annual growth rate (CAGR) of 6.8% projected through the forecast period. By 2033, the market is forecasted to attain a value of USD 24.1 trillion. This remarkable growth is primarily driven by increased volatility in global interest rates, a heightened need for risk management tools among financial institutions, and the rising complexity of corporate financial strategies.

A significant growth factor for the interest rate swaps market is the ongoing volatility in global interest rates, which has prompted both financial institutions and corporations to seek sophisticated hedging instruments. Central banks around the world have adopted divergent monetary policies in response to inflationary pressures and economic uncertainties, which has led to increased fluctuations in benchmark rates. As a result, organizations are turning to interest rate swaps to manage their exposure, lock in borrowing costs, and stabilize cash flows. The growing demand for risk mitigation tools is further amplified by the unpredictable macroeconomic environment, making interest rate swaps an essential component of modern financial risk management.

Another pivotal driver is the evolution of regulatory frameworks and financial market infrastructure, which has enhanced transparency and accessibility in the interest rate swaps market. The implementation of regulations such as the Dodd-Frank Act in the United States and EMIR in Europe has encouraged the migration of swaps trading to centralized clearinghouses and electronic trading platforms. This shift has not only reduced counterparty risk but also improved price discovery and operational efficiency. The increasing adoption of technology-driven trading systems, alongside the digitization of financial services, is making interest rate swaps more accessible to a broader array of market participants, including mid-sized corporates and institutional investors.

Furthermore, the expansion of the interest rate swaps market is supported by the globalization of financial markets and the diversification of end-users. Multinational corporations, government entities, and even non-banking financial institutions are leveraging swaps to optimize their capital structures and manage cross-border exposures. The proliferation of new swap products, such as basis swaps and forward swaps, has enabled market participants to implement more complex and tailored risk management strategies. As financial markets become increasingly interconnected, the demand for flexible and customizable interest rate derivatives is expected to continue its upward trajectory.

Regionally, North America and Europe remain dominant due to their mature financial markets and robust regulatory frameworks. However, the Asia Pacific region is emerging as a significant growth engine, propelled by rapid financial sector development, increased cross-border capital flows, and the liberalization of interest rate regimes in key economies like China and India. Latin America and the Middle East & Africa are also witnessing steady growth, albeit from a smaller base, as financial markets in these regions continue to evolve and integrate with global capital markets.

Type Analysis

The interest rate swaps market can be segmented by type into Over-the-Counter (OTC) and Exchange-Traded swaps. OTC swaps have historically dominated the market, accounting for the majority of global notional outstanding due to their flexibility and customization options. Financial institutions and large corporates prefer OTC swaps as they allow for bespoke contract terms tailored to specific hedging requirements. The depth and liquidity of the OTC market have enabled participants to execute large and complex transactions efficiently, making it an indispensable segment for risk management and speculative strategies.

However, the landscape is gradually shifting with the rise of exchange-traded interest rate swaps. Regulatory reforms, particularly in the aftermath of the global financial crisis, have encouraged the migration of standardized swap contracts to regulated exchanges and central clearinghouses. Exchange-traded swaps offer enhanced transparency, reduced counterparty risk, and improved operational efficiency, which are particularly attr

Russia USD/RUB Swap Rate: NFEA: Yield: 3Y data was reported at 29.620 % pa in 30 Mar 2022. This stayed constant from the previous number of 29.620 % pa for 29 Mar 2022. Russia USD/RUB Swap Rate: NFEA: Yield: 3Y data is updated daily, averaging 6.967 % pa from Dec 2009 (Median) to 30 Mar 2022, with 3003 observations. The data reached an all-time high of 29.620 % pa in 30 Mar 2022 and a record low of 4.170 % pa in 15 Jul 2020. Russia USD/RUB Swap Rate: NFEA: Yield: 3Y data remains active status in CEIC and is reported by Self-regulatory organisation «National Finance Association». The data is categorized under High Frequency Database’s Swap Rates – Table RU.ME004: ForEx Swap Rate: National Foreign Exchange Association (NFEA).

Index Time Series for Xtrackers II - USD Overnight Rate Swap UCITS ETF. The frequency of the observation is daily. Moving average series are also typically included. NA

The average daily turnover of over the counter (OTC) derivatives traded in France increase between 2001 and 2010, before falling over the following decade. From a peak of over ***** billion U.S. dollars in 2010, by 2019 the average daily turnover had fallen to around ***** billion U.S. dollars. In all years under consideration the most common instrument traded was interest rate swaps, which accounted for around two thirds of turnover in 2022.

Basis Swaps Market Outlook

According to our latest research, the global basis swaps market size reached USD 1.41 trillion in 2024, demonstrating robust activity across financial institutions, corporates, and government entities. The market is projected to grow at a CAGR of 5.8% from 2025 to 2033, positioning it to achieve a value of USD 2.36 trillion by 2033. This expansion is primarily attributed to increasing demand for risk management solutions, heightened cross-border financial activities, and the evolution of sophisticated financial instruments. As per our latest findings, the marketÂ’s upward trajectory is supported by the ongoing globalization of capital markets, regulatory reforms, and heightened volatility in global interest rates and currency markets.

Several key factors are fueling the growth of the basis swaps market. One of the most significant drivers is the increasing complexity and globalization of financial markets. As multinational corporations and financial institutions expand their operations across borders, the need to manage risks associated with fluctuating interest rates and currency mismatches becomes paramount. Basis swaps, particularly cross-currency and interest rate basis swaps, provide an effective mechanism for hedging these risks, allowing market participants to align their exposures more closely with their underlying liabilities and assets. Additionally, the recent surge in international trade and capital flows has led to greater demand for sophisticated swap instruments, enabling organizations to optimize their funding strategies and reduce costs associated with currency and interest rate volatility.

Another major growth catalyst lies in regulatory developments and the transition from interbank offered rates (IBORs) to alternative reference rates (ARRs). The global shift away from LIBOR and similar benchmarks has necessitated a reevaluation of existing swap contracts and the creation of new basis swap agreements tailored to the emerging landscape of risk-free rates. This transition has led to increased activity in the basis swaps market as institutions seek to realign their portfolios and ensure compliance with evolving regulatory standards. Furthermore, regulatory frameworks such as Basel III and EMIR have placed a greater emphasis on risk management and transparency, compelling financial institutions to utilize basis swaps as part of their broader risk mitigation and capital optimization strategies.

Technological advancements and the growing adoption of electronic trading platforms have also played a pivotal role in shaping the basis swaps market. The proliferation of digital trading solutions has enhanced market efficiency, reduced transaction costs, and improved access to real-time pricing information. This has enabled a broader range of market participants, including smaller financial institutions and corporates, to engage in basis swap transactions. Moreover, innovations in data analytics and risk modeling have allowed for more precise pricing and risk assessment, further supporting market growth. As financial markets continue to digitize and integrate advanced technologies, the accessibility and attractiveness of basis swaps as a risk management tool are expected to increase significantly.

Interest Rate Swaps have become an integral part of the financial landscape, offering a versatile tool for managing interest rate exposure. These swaps allow counterparties to exchange fixed interest rate payments for floating rate payments, or vice versa, depending on their specific risk management needs. As financial markets have evolved, the use of Interest Rate Swaps has expanded beyond traditional banking institutions to include a wide range of market participants, such as corporations and government entities. This expansion is driven by the need to hedge against interest rate fluctuations, optimize funding costs, and align financial strategies with market conditions. The growing complexity of global financial markets and the transition to alternative reference rates have further underscored the importance of Interest Rate Swaps in achieving effective risk management and financial stability.

From a regional perspective, North America and Europe currently dominate the basis swaps market, accounting for the majority of global transaction volume. However, the Asia Pacific region is emerging as

Graph and download economic data for ICE Swap Rates, 11:00 A.M. (London Time), Based on U.S. Dollar, 9 Year Tenor (ICERATES1100USD9Y) from 2014-08-01 to 2021-12-31 about 9-year, swaps, London, interest rate, interest, rate, and USA.

China Currency Swap: USD: 1 Week: Bid data was reported at -35.600 RMB/USD in Nov 2025. This records a decrease from the previous number of -31.500 RMB/USD for Oct 2025. China Currency Swap: USD: 1 Week: Bid data is updated monthly, averaging 18.500 RMB/USD from Sep 2006 (Median) to Nov 2025, with 231 observations. The data reached an all-time high of 63.000 RMB/USD in Jan 2016 and a record low of -200.000 RMB/USD in Jan 2019. China Currency Swap: USD: 1 Week: Bid data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.ME: China Foreign Exchange Trading Center (CFETC): Currency Swap.