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I am not quite sure what you mean, but thank you for the compliment, tj.

Here you go (again)... http://www.federalreserve.gov/releases/h15/data.htm This is a chart of the prices of the CBOT long bond contract (ZB). As such, a) it will be the fwd yield of a current CTD, rather than a spot cash yield of the current issue; b) will be the yield of a <20y bond...

That's OK... It's not the first time my sense of humor fails to make an impression. I'll just have to live with it, I guess.

Please, no need to hold anything back... Seriously, do tell everyone how you REALLY feel.

While that's the case for a few European banks, it's certainly not the case for most. Moreover, the issue is a lot more complicated than these banks simply being "broke".

Depends on which mkts... I would expect it to be massively positive for both Spooz and bonds. Not sure about other stuff.

How about 'em apples? 125! Uncle Ben in da house!

This is a tacit acknowledgment that the current US experience reminds the Fed of Japan.

To stay with your aptly chosen terminology, I think it pays to keep the hood open at all times, so to speak. That's what I try to do, anyways, to the best of my ability.

Have you considered the possibility that the correlations you saw previously were spurious or, better yet, non-existent?

And would you like some fries with that, sir :)?

Hahaha, good luck, dude...

I thought I'd mention also that Ch 2.8 should address the question of whether it's valid to interpret delta as the probability of ending ITM at expiry.

Here you go: http://www.amazon.com/Complete-Guide-Option-Pricing-Formulas/dp/0071389970/ref=sr_1_1?s=books&ie=UTF8&qid=1281270422&sr=1-1 Just about as exhaustive an answer to your questions as can be imagined and coming from Collector himself. See Ch 2.8, as well as Ch 4.17 etc. The book's...

The members of the executive board of Norges Bank are all appointed (by the King in Council, i.e. cabinet), not elected. What I was referring to, however, is that the way Norges conducts monetary policy and operates in the mkts is pretty much identical to what every Western CB does. [B] Yes...

It's hard to imagine an idea more absurd than this...

Yes, Norway is a very open country. The Norges Bank operates exactly as openly/transparently as every other inflation-targeting CB out there. It's not more or less transparent than the Fed, for example. They are doing something right and it's not all because of oil. They target govt...

My enormous penis is bigger than atticus's huge penis, so it's much more valuable as a trading asset.

While this observation may very well be true, the same certainly cannot be said of its partial converse. Specifically, not everything that's ridiculed in the first stage is a truth.

Yep, but that's life for you...