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What moves the bond market

Bond price is on the vertical axis, quantity of bonds on the horizontal. Demand slopes down, supply slopes up, and they cross at equilibrium. Flip a shift factor and watch where the new price settles. Remember the bond yield moves inversely to the price.

Bond priceQuantity of bondsDSP* = 50.0
New bond price (P*)50.0 / 100
Change vs baseline+0.0 pts
No net shift: price unchanged, so the yield is unchanged too.
Shift factors
What Moves Interest RatesOpen in Dr Phil's Quant Lab ↗