Comments on binomial tree, please?

For those fixed incomers, I am curious how many of you are using binomial tree? on what aspects you apply it? and how do you feel about it?

Everyone uses binomial trees. What’s to feel about?

Hi, Joey could you please go more specifically and give me a picture on its functions in bond or fixed income valuation, something like how practical to apply BT valuation on bond or derivatives? what software you generate binomial tree? what is normal time interval in the tree? and are your lower node rates normally equal to yield curve? Binomial Tree valuation is new but interesting for me, and I am trying to relate what I read with real life experience. your explanation will be appreciated…