@ekeenan81 - Let's just assume that it's a forward settlement date. I have nothing in the portfolio and I buy a U.S. Treasury note today for settlement 30 days from now. I will owe money to someone 30 days from now, right? So, if that's the case, do I have a choice of the following?
a) 30-day term repo starting today
b) overnight repo starting 29 days from now
Thanks!
Why would you want to do a repo starting today in the scenario you have described? In fact, how would you do a repo starting today, given that you don't have the collateral to lend?
You can do a fwd repo or you can wait until time T.