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• W2238865557 abstract "The Heath-Jarrow-Morton (HJM) formulation of treasury bonds in terms of forward rates is recast as a problem in path integration. The HJM-model is generalized to the case where all the forward rates are allowed to fluctuate independently. The resulting theory is shown to be a two-dimensional Gaussian quantum field theory. The no arbitrage condition is obtained and a functional integral derivation is given for the price of a futures and an options contract." @default.
• W2238865557 created "2016-06-24" @default.
• W2238865557 creator A5072261121 @default.
• W2238865557 date "1998-09-01" @default.
• W2238865557 modified "2023-09-27" @default.
• W2238865557 title "Quantum Field Theory of Treasury Bonds" @default.
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• W2238865557 hasPublicationYear "1998" @default.
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