Simulation: Yield Curve

This highly interactive simulation gives participants the opportunity to apply what they have learnt about interest rates and yield curves.

Participants will have the opportunity to be a trader, salesperson, hedge fund manager and researcher. They will need to react to incoming market data and initiate trades in order to maximise their returns and manage any risks.


This course is for individuals with a working knowledge of the bond market, yield curve trading and economics.

Learning Outcomes

At the end of this course delegates should understand:

  • The practicalities of real time yield curve trading based on market data and flow
  • The role of the investment bank and hedge fund investors when trading the yield curve
  • Risk management of trading the yield curve

Course Content

Yield curve trading simulation

  • Shown economic data each month, for six consecutive months with trading in-between
  • Bank and hedge fund can both generate trade ideas
  • Bank and hedge fund agree trades face to face
  • Aim to make the most P&L or asset growth

Participant Group 1: Investment bank

  • Research (analysing data and stories to produce investment ideas)
  • Sales (communicating ideas with clients, and collecting indications of interest)
  • Trading (managing the risks in the book, and executing trades against clients)

Participant Group 2: Hedge fund

  • Fund manager (maintaining strategy across the whole book)
  • Research analyst (analysing data and macro points)
  • Dealing desk (getting best execution from investment banks)

Trade positions

  • Outright views
  • Steepeners and flatteners


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Why study with Alpha?

Innovation and creativity born from experience

We are thought leaders in instructional and learning journey design and holistic solution architects. We have extensive finance and investments experience combined with skills application to deliver performance improving results. We develop immersive learning environments that maximize time to productivity, support talent retention and added value to improving quality of hires.

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We are focused on mining the embedded organisational intellectual capital for the benefit of the next generation. We create and curate best in class practice gathered from our experience with the leading financial institutions. We design our programmes with the end in mind – what results are you trying to achieve with this intervention? What metrics will we set ourselves to achieve that?

Generation Proof

Quality and innovation, using current market and industry best practices, have made us a trusted partner in delivering dynamic and motivating training for the financial and capital markets. Our programmes are generation proof and responsive to evolving learner needs and styles. Our solutions use a multi-stakeholder engagement strategy that expands beyond relationships between the learner and learning provider. We create connections with managers, peers and the wider business to drive impactful return on investment..

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