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Absence of long-dated bond repo market: why ?

June 1st, 2023, 12:31 am

In practice, across government bonds and corporate bonds, we know that the repo market is pretty short-dated, up to 1Y at most. 
Do you know why there is no long-dated bond repo market altogether ?

From this, the next question is this: what if we wanted to do a long-dated bond forward for instance, what repo would we use ? Simply flat extrapolation from short-dated observable repo rates ?

Thanks for reading.