CIR Model, Tuckman, Chapter 10

[Unusualskill]

Hi @David Harper CFA FRM ,

I was reading CIR model and found yield volatility and basis point volatility terms confusing.
May I ask what is the difference between these two? What is yield volatility by definition and what is basis point volatility also? Thank you!

Appreciate your help!

 

[David Harper CFA FRM]

@Unusualskill how do you have our slides when you aren't a paying subscriber?