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Kyokusen
Named, not delivered. The piece would fit a yield curve across maturities with few parameters and gate rollovers and looped positions against it. Risk readings of this kind are already offered by others; no open ground is claimed.
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What exists today
What it does not claim
Sources
- Charles R. Nelson and Andrew F. Siegel (1987) Parsimonious Modeling of Yield Curves. The Journal of Business (first as NBER Working Paper 1594). read in part Used for a curve across maturities with few parameters.