{"product_id":"valuation-of-options-on-fixed-income-von-natividad-rodriguez-masero","title":"VALUATION OF OPTIONS ON FIXED INCOME","description":"\u003cp\u003eThe innovations made during the last years on  financial activity have led to the emergence of  increasingly complex figures, with new derivative  and hybrid products. Among the existing products,  options have experienced a spectacular  growth in recent years, both in volume of trading,  which has been considerable, growing to hundreds of  millions of contracts and investors popularity.  In this work analyse the main of Fixed Income Option  Valuation Models. Interest rate is studies because  of the different positions that the underlying asset  can adopt. Whether the underlying asset is a future  on debt, or an interest rate, the positions are  different, so the valuation is different too.   The literature analyzes this movement in options on  spot (Hull, 2005). We have described one of the main  differences between options on fixed income and  options on spot. For this, based on Black (1976)  model for options on interest rate futures, we have  studied the influence of the underlying asset on the  results obtained. Furthermore we have compared  analytical solutions with the results obtained in  the financial markets, analyzing the main  differences.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838385976\"\u003e\u003ch3\u003eA SIMPLIFIED APPROACH\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838385976","offer_id":39469183631453,"sku":"9783838385976","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/3432d4da-8c54-441d-a795-066a2e19d88d.jpg?v=1757566492","url":"https:\/\/shop.autorenwelt.de\/products\/valuation-of-options-on-fixed-income-von-natividad-rodriguez-masero","provider":"Autorenwelt Shop","version":"1.0","type":"link"}