what is Vanilla rate sales&trading?
I understand that Vanilla rate sales& trading involves treasuries, Mortgages, swaps, and vol. what is the rationale of those rate tradings? ---it is not about buying or selling treasuries, Mortgages, it is about buying or selling their rates, right? ---is there any online resources I can refer to to learn something about the anilla rate sales&trading thing for interview prepareation? Thanks
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