RT Journal Article SR Electronic T1 How to Deform a Yield Curve: The Most Likely Deformation of a Yield Curve Consistent with Subjective Views JF The Journal of Fixed Income FD Institutional Investor Journals SP 30 OP 38 DO 10.3905/jfi.2014.24.3.030 VO 24 IS 3 A1 Ivan Saroka A1 Riccardo Rebonato YR 2014 UL https://pm-research.com/content/24/3/30.abstract AB In this article, the authors show how the most likely deformation can be assigned to a yield curve, consistent with subjective views on a handful of key rates. They provide an intuitive explanation for the solution, which is perhaps not what one might at first blush have expected. They draw analogies from physics that illuminate the reasoning.TOPICS: Fixed income and structured finance, quantitative methods