An Introduction to Repo Markets
The repo markets are a vital part of the global financial system. Repo is used by virtually all market participants, as a funding and liquidity tool. An Introduction to Repo Markets offers a detailed yet accessible and reader-friendly look at the instrument itself and its variants. It is aimed specifically at newcomers to the market or those unfamiliar with modern fixed income products. An Introduction to Repo Markets is essential reading for all those who require an introduction to the money markets and repo.
Topics covered include:
- Repo mechanics
- Uses and applications
- Basket repo
- Synthetic repo and the total return swap
- The money market yield curve
- The Global Master Repurchase Agreement