James Chen, CMT is an expert trader, investment adviser, and global market strategist. Cierra Murry is an expert in banking, credit cards, investing, loans, mortgages, and real estate. She is a ...

In this paper, we develop a new method based on the Malliavin calculus to approximate the convexity adjustment for various classical interest rate products. Malliavin calculus provides a simple way to ...

Interest payments linked to risk-free rates (RFR) are typically calculated by compounding the string of overnight fixings over a given period. This is the norm for transactions between financial ...