Book: Fixed Income Securities: Tools for Today’s Markets | Author: Bruce Tuckman & Angel Serrat | ISBN: 978-0-470-89169-8
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Book: Fixed Income Trading and Risk Management by Alexander Düring (ISBN 9781119756354)
Chapter 14 is about repo, and repo is the engine under almost everything in fixed income trading. A repurchase agreement is a sale plus a promise to buy back the same security later. Cash goes one way, collateral the other. Economically it’s a secured loan. The repo rate is the interest on the cash leg.