Bond price vs yield
A bond's price is the present value of its coupons plus face, discounted at the market yield. Move the yield and watch price trace the downward-sloping, convex curve — price moves inversely to yield.
Price 100.00Current yield 5.00%Coupon income 5.00/yr
parcoupon = yield, price = face
Coupon rate5.0%
Yield to maturity5.0%
Years to maturity5 yr
Coupon frequency
Face value fixed at 100, so price reads as a percent of face.