内容

Heath-Jarrow-Morton Model - HJM Model

2020-08-14 17:02 浏览:609
A model that applies forward rates to an existing term structure of interest rates to determine appropriate prices for securities that are sensitive to changes in interest rates.
|||The HJM model is very theoretical and is used at the most advanced levels of financial analysis. It is used mainly by arbitrageurs seeking arbitrage opportunities.


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