This report provides an overview of European trading activity for sovereign bond markets, comparing our latest findings with past performances since January 2022. Specific changes and trends relative to past reports can be summarised as follows:

• • Notional traded in H2 2024 increased 12.8% when compared to H2 2023. Trade count for the same period has increased by 0.4%.
• • For the full year 2024, notional traded increased by 13.8% year on year, from €51 tn to €60 tn. Trade count also rose by 5.9% from 10.7 mn trades to 11.3 mn in 2024. […]