23.5 Mean reversion (Figure 23. 1, page 539) Interest rate HIGH interest rate has negative trend Reversion Level LOW interest rate has positive trend Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 23.5 Mean Reversion (Figure 23.1, page 539) Interest rate HIGH interest rate has negative trend LOW interest rate has positive trend Reversion Level