Global Securities Lending Revenues Soar to New Highs in May 2026

Securities lending revenues reached an unprecedented $1.7 billion in May 2026, marking a 43% year-over-year increase. This surge was primarily driven by higher average fees and increased lending balances. Asian equity markets significantly outperformed, surpassing the Americas for the second consecutive month, with EMEA and APAC also showing strong growth in equity special revenues. The demand for government bond borrowing remained robust due to rate uncertainty.