LONDON- Average daily trading volume in global repos and Chinese bonds hit new record highs on the Tradeweb platform in July, the firm said on Wednesday.

Global repo trading saw average daily volumes of $248.5 billion last month, an almost 18% jump year-on-year, Tradeweb said in a monthly report.

Average daily volume in Chinese bond trading was $1.4 billion, a 41% rise from the previous year, reflecting growing interest in China's debt market.

Tradeweb also reported a rise of more than 14% year-on-year in average daily trading volume for U.S. government bonds last month to almost $84 billion.

U.S. credit volumes soared 54% year-on-year to $4.2 billion. In contrast, Tradeweb said volumes of European government bonds and credit on its platform fell in July.

(Reporting by Dhara Ranasinghe; editing by Sujata Rao) ((Dhara.Ranasinghe@thomsonreuters.com; +442075422684;))