Many thanks!!

<t>Thanks for the correction.Yeah i just get confused on the form of the discount factor to be derived. For me it is just exp(-integral [r(0,t] dt) and there's no other form unless we consider the discrete version.I'm not familiar with the HJM yet. If you have any practical papers/references regardi...

<t>Hey! thank you for the replyin this case, why using the instantaneous forward rates in the formula letting the Hoo Lee model fit the term structure? it would have been easier to keep discount factor from the very beginingtaking the derivative d ln(P(t)) / dt comes to just get out the instanteous ...

Hello everyone, How could someone get the instantaneous forward rates? for instance in bloomberg, or how is that done in practise?i need them to calibrate the Hoo Lee model (as Explained in Paul Glasserman - Monte Carlo Methods in Financial Engineering)Thank you in advance!!Regards