Re:The U.S. Yield Curve Has Inverted
by halotrope on Monday December 03, 2018 @05:09PM
(#18593633)
Actually it does not drive down the price but the yield. When the price goes up the fixed payment is a lower fraction of the price of the bond. Hence the return goes down.
https://www.investopedia.com/terms/b/bond-yield.asp