<t>QuoteIn efficient markets, must the price processes of all tradeable assets be Markovian? As to the logic of this statement I do not agree - for two reasons:1. Even in non-stochastic dynamic models with perfect foresight - e.g. overlapping generations models - you can find general equilibria with...

<t>I've just joined, and this thread might be dead by now, but still:<br/> <br/> There are many ways of doing interest rate performance attribution. <br/> <br/> I have the attached suggestion, which generalises the standard approach used in equity performance attribution. No deep theory - just a way...