John Hull

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In the interest rate area, traders have for a long time used a version of what is known as Black’s model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options.

John Hull

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I was obsessed with romance. When I was in high school, I saw ‘Doctor Zhivago’ every day from the day it opened until the day it left the theater.

When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward.

May 3, 2024

When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward.

May 3, 2024

In the interest rate area, traders have for a long time used a version of what is known as Black’s model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options.

John Hull

Other Quote

I was obsessed with romance. When I was in high school, I saw ‘Doctor Zhivago’ every day from the day it opened until the day it left the theater.

When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward.

When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward.

I was obsessed with romance. When I was in high school, I saw ‘Doctor Zhivago’ every day from the day it opened until the day it left the theater.

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In the interest rate area, traders have for a long time used a version of what is known as Black’s model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options.

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