Bonds are sensitive to changes in interest rates because bond prices move in the opposite direction of interest rates. (thedigeratilife.com)
Interest rates and bond prices move in opposite directions so that as interest rates rise, bond prices usually fall, and vice versa. (usaa.com)
The sale comes amid strong demand for municipal bonds that has kept yields — which move in the opposite direction as price — near record lows. (nreionline.com)