Yield Curve Dynamics

Covers a variety of issues relating to yield curves, their construction, and their uses to assess risk and return.
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299 students enrolled
Instructed by Paul Siegel Business / Finance
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  • Lectures 19
  • Length 3 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 3/2014 English

Course Description

This comprehensive course will cover a variety of issues relating to yield curves, their construction, and their use in a variety of analytical applications to assess risk and return.

The course consists of 19 lectures among 5 sections, including topics within:

  • Introduction to Yield Curves
  • Duration and its Applications
  • The Level of Rates and Shape of the Yield Curve
  • Spot Rates and Forward Rates
  • Total Return Analysis

What are the requirements?

  • Participants are expected to have basic math knowledge coming into this course.
  • A financial calculator is recommended to get the most out of this course.
  • Knowledge of the English language.

What am I going to get from this course?

  • You'll be able to understand how yield curves depict fixed income instrument pricing and risk premiums
  • You'll be able to explain duration as a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates
  • You'll be able to describe the different types of duration, and how each is used in managing and/or quantifying risk
  • You'll be able to discuss alternative yield curves that are used to price or assess the value of fixed income instruments, including the current coupon yield curve, par coupon yield curve, spot rate curve, treasury strip curve and forward rate curve
  • You'll be able to apply total return analysis over a variety of interest rate scenarios to assess risk and return as an alternative to simply using yield to maturity as an estimate of future returns

Who is the target audience?

  • Analysts and associates in commercial, corporate and investment banking.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Introduction to Yield Curves

Instructor Doug Carroll introduces the course.


Instructor Doug Carroll explains the types of yield curves and yield curve spreads.

Section 2: Duration and its Applications

Instructor Doug Carroll introduces duration.


Instructor Doug Carroll explains types of duration.


Instructor Doug Carroll explains modified duration.


Instructor Doug Carroll gives an illustration of duration.


Instructor Doug Carroll explains duration of callable bonds.

Section 3: The Level of Rates and Shape of the Yield Curve

Instructor Doug Carroll explains yield curve shapes and the level of interest rates.


Instructor Doug Carroll explains yield curve theories.


Instructor Doug Carroll explains yield curves and the business cycle.

Section 4: Spot Rates and Forward Rates

Instructor Doug Carroll explains spot rates and spot rates curves.


Instructor Doug Carroll explains calculation of spot rates.


Instructor Doug Carroll explains bond valuation and rich/cheap analysis.


Instructor Doug Carroll explains treasury strips and the strip rate curve.


Instructor Doug Carroll explains forward rates.


Instructor Doug Carroll explains the calculation of forward rates.


Instructor Doug Carroll explains forward rate applications.

Section 5: Total Return Analysis

Instructor Doug Carroll explains total return analysis.


Instructor Doug Carroll gives an illustration on total return analysis and concludes the course.

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Instructor Biography

Paul Siegel, Education you can bank on

We deliver superlative, hands-on and practical corporate and investment banking education that you can use immediately in your job, or that next great job you are looking to start. We focus on making complex subjects readily understandable and usable. If you want to take a great leap forward in your finance career, we are here to make that happen.

Our instructors are practitioners who have worked in the field of finance. They relate the subjects covered to real work situations you will encounter in your banking job. So, the concepts are real, the coverage is at the right level of depth, and the material is easy to absorb.

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