{"id":4345,"date":"2022-08-19T11:54:17","date_gmt":"2022-08-19T11:54:17","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=4345"},"modified":"2026-02-24T11:09:20","modified_gmt":"2026-02-24T11:09:20","slug":"what-is-the-relationship-between-bond-prices-and-interest-rates","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/","title":{"rendered":"What is the relationship between bond prices and interest rates?"},"content":{"rendered":"<p>In recent years, <a href=\"https:\/\/goldenpi.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">bond investments<\/a> have become increasingly popular, a trend observed over the past decade. Market turbulence and fluctuations have contributed to this rise, and even today\u2019s market conditions can be unpredictable. As a result, investors are opting for diversified portfolios to secure regular fixed returns on their investments.<\/p>\n<p>While bond investments have seen notable growth, investors often have questions about the relationship between bond prices and interest rates and why discrepancies may arise between them.<\/p>\n<p>Let\u2019s explore the fundamental relationship and correlation between interest rates and bond prices.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/#What_is_the_bond_price\" >What is the bond price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/#What_is_coupon_rate_or_Interest_rate\" >What is coupon rate or Interest rate?<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/#What_is_the_difference_between_Coupon_Rate_and_Yield_to_Maturity\" >What is the difference between Coupon Rate and Yield to Maturity?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/#Bond_prices_and_Interest_rates_are_in_inverse_relationship\" >Bond prices and Interest rates are in inverse relationship<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/#_Interest_rates_increase_and_bond_prices_goes_down\" >\u00a0Interest rates increase and bond prices goes down<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/#What_is_the_difference_between_Corporate_and_Governments_Bonds\" >What is the difference between Corporate and Governments Bonds?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/#Interest_rates_decrease_and_bond_prices_goes_down\" >Interest rates decrease and bond prices goes down<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/#The_cause_for_the_impact_on_bond_Price_and_Interest_rate_variation\" >The cause for the impact on bond Price and Interest rate variation.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/#FAQs_on_What_is_the_relationship_between_bond_prices_and_interest_rates\" >FAQ&#8217;s on What is the relationship between bond prices and interest rates?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/#1_How_are_bond_prices_and_interest_rates_related\" >1. How are bond prices and interest rates related?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/#2_How_does_a_rate_change_affect_your_bond_holdings\" >2. How does a rate change affect your bond holdings?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_bond_price\"><\/span><b>What is the bond price?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Bond price is face value of the bond while buying bond though you may either be discounted or higher pricing but the face value will be constant. <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_coupon_rate_or_Interest_rate\"><\/span><b>What is coupon rate or Interest rate?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Coupon rate is that the bond issuers pay interest on the bond&#8217;s face value, which is known as the coupon rate. In other words, it is the interest that is paid to the bond buyer regularly by the bond issuer. Bonds&#8217; coupon rates are calculated using their face values.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if the coupon rate on a bond is 5 % on a Rs.10000 bond, the coupon payment comes out to Rs. 500 per year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Coupon rate = Annual Coupon rate \/ Par value of the bond or face value of the bond\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Par Value = Rs.10000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coupon Rate = 5%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Annual Coupon = Rs. 100,00 x 5% = Rs.500<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Since most <a href=\"https:\/\/goldenpi.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">bonds<\/a> pay interest semi-annually, the bondholder receives two separate coupon payments of Rs.250 each year for as long as the bond is still outstanding.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Number of Periods (N) = 2<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coupon Payment = Rs.500 \/ 2 = Rs.250<\/span><\/li>\n<\/ul>\n<h5 class=\"post-title single-post-title entry-title\" style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"What_is_the_difference_between_Coupon_Rate_and_Yield_to_Maturity\"><\/span><strong><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-difference-between-coupon-rate-and-yield-of-maturity\/?utm_source=blog&amp;utm_medium=blog&amp;utm bond price interest rate\">What is the difference between Coupon Rate and Yield to Maturity?<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<h2><span class=\"ez-toc-section\" id=\"Bond_prices_and_Interest_rates_are_in_inverse_relationship\"><\/span><strong>Bond prices and Interest rates are in inverse relationship<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Interest rates and bond prices fluctuate in direct opposition to one another and have a direct impact on one another. Bond prices decline as market interest rates rise, and they increase when market interest rates decline (increase).<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"_Interest_rates_increase_and_bond_prices_goes_down\"><\/span><b>\u00a0Interest rates increase and bond prices goes down <\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If a XYZ buys a bond in January 2022 from ABC company with face value (Bond Price) of Rs. 1000 with a coupon rate (interest rate) 10 % and maturity period 5 years (end with January 2027), payment duration semi-annually.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">XYZ will receive Rs.50 once every six months as interest against the bond price for the next five years. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cash flow. <\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4346\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19100752\/Screenshot-2022-08-19-at-2.47.07-PM.png\" alt=\"cash flow\" width=\"230\" height=\"364\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19100752\/Screenshot-2022-08-19-at-2.47.07-PM.png 558w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19100752\/Screenshot-2022-08-19-at-2.47.07-PM-189x300.png 189w\" sizes=\"(max-width: 230px) 100vw, 230px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">After the two year of the bond purchase, the same company issues the same bond with a higher interest rate (coupon rate).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bond price \u2013Rs. 1000<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interest Rate &#8211; 11%<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Maturity \u2013 5 years\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Payment mode \u2013 Semi-annually\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now the XYZ wants to sell the bond in the market but the buyer won\u2019t buy the bond at the face value (bond price at the time of purchase in January 2022) since the same bond has the higher interest rate currently. Therefore, the seller has to sell the bond at a lesser price than the purchase price.<\/span><\/p>\n<h3><img decoding=\"async\" class=\"alignnone wp-image-4353 size-large\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19103849\/Screenshot-2022-08-19-at-4.07.03-PM-1024x239.png\" alt=\"bond prices and interest rates\" width=\"1024\" height=\"239\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19103849\/Screenshot-2022-08-19-at-4.07.03-PM-1024x239.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19103849\/Screenshot-2022-08-19-at-4.07.03-PM-300x70.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19103849\/Screenshot-2022-08-19-at-4.07.03-PM-768x179.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19103849\/Screenshot-2022-08-19-at-4.07.03-PM-1170x273.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19103849\/Screenshot-2022-08-19-at-4.07.03-PM-585x136.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19103849\/Screenshot-2022-08-19-at-4.07.03-PM.png 1330w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/h3>\n<h5 class=\"post-title single-post-title entry-title\" style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"What_is_the_difference_between_Corporate_and_Governments_Bonds\"><\/span><strong><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/difference-between-corporate-and-governments-bonds\/?utm_source=blog&amp;utm_medium=blog&amp;utm bond price interest rate\">What is the difference between Corporate and Governments Bonds?<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<h3><span class=\"ez-toc-section\" id=\"Interest_rates_decrease_and_bond_prices_goes_down\"><\/span><b>Interest rates decrease and bond prices goes down<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If a XYZ buys a bond in January 2022 from ABC company with face value (Bond Price) of Rs. 1000 with a coupon rate (interest rate) 10 % and maturity period 5 years (end with January 2027), payment duration semi-annually.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">XYZ will receive Rs.50 once every six months as interest against the bond price for the next five years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After the two year of the bond purchase, the same company issues the same bond with a higher interest rate (coupon rate).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bond price \u2013Rs. 1000<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interest Rate \u2013 9%<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Maturity \u2013 5 years\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Payment mode \u2013 Semi-annually\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now the XYZ wants to sell the bond in the market but the buyer has to pay a higher price than the face value (bond price at the time of purchase in January 2022). Since the previous issue was issued at a higher interest rate than the current one. The buyer has to pay higher.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-4355 size-large\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19104232\/Screenshot-2022-08-19-at-4.07.16-PM-1024x233.png\" alt=\"bond prices and interest rates\" width=\"1024\" height=\"233\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19104232\/Screenshot-2022-08-19-at-4.07.16-PM-1024x233.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19104232\/Screenshot-2022-08-19-at-4.07.16-PM-300x68.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19104232\/Screenshot-2022-08-19-at-4.07.16-PM-768x175.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19104232\/Screenshot-2022-08-19-at-4.07.16-PM-1170x266.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19104232\/Screenshot-2022-08-19-at-4.07.16-PM-585x133.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/08\/19104232\/Screenshot-2022-08-19-at-4.07.16-PM.png 1354w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_cause_for_the_impact_on_bond_Price_and_Interest_rate_variation\"><\/span><b>The cause for the impact on bond Price and Interest rate variation.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Inflation is one of the main factors influencing how bond prices and interest rates change. The economy as a whole experiences constant price increases due to inflation. Bond prices will therefore be more affected by inflation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Example: XYZ company may issue bonds with following before the inflation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bond price \u2013 Rs.1000\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interest rate (coupon rate): 10%<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Maturity \u2013 5 years\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The same company may issue the same bond with the following during inflation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bond price \u2013 Rs.1000\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interest rate (coupon rate): 15%<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Maturity \u2013 5 years. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, bond prices and interest rates are inversely correlated. Investors\u00a0 can choose bonds based on their investment plan.<\/span><\/p>\n<p><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/how-to-analyse-the-credit-worthiness-of-corporate-bonds\/?utm_source=blog&amp;utm_medium=blog&amp;utm bond price interest rate\"><strong>How to analyse the credit worthiness of corporate bonds?<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_What_is_the_relationship_between_bond_prices_and_interest_rates\"><\/span><strong>FAQ&#8217;s on What is the relationship between bond prices and interest rates?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_How_are_bond_prices_and_interest_rates_related\"><\/span><strong>1. How are bond prices and interest rates related?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As per industry understanding, bond prices and interest rates move in opposite directions (inversely related). When interest rates increase, bond prices usually come down, and vice versa. This happens because new bonds with higher coupon rates make the existing bonds less appealing. Thus, their prices fall in the secondary market.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_How_does_a_rate_change_affect_your_bond_holdings\"><\/span><strong>2. How does a rate change affect your bond holdings?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Changes in interest rates only influence the \u201cmarket price of bonds\u201d prevailing in the secondary market. If you hold the bond to maturity, you continue receiving fixed interest and principal at maturity, as per the bond terms.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Latest Updated: 23-02-2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In recent years, bond investments have become increasingly popular, a trend observed over the past decade. Market turbulence and fluctuations have contributed&hellip;<\/p>\n","protected":false},"author":4,"featured_media":11978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-4345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bond-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the relationship between bond prices and interest rates? - GoldenPi | Blogs<\/title>\n<meta name=\"description\" content=\"What is the relationship between bond prices and interest rates?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-the-relationship-between-bond-prices-and-interest-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the relationship between bond prices and interest rates? 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