The prices of bonds refer to the value at which bonds are bought and sold in the market. When bond prices increase, it means that the value of the bond has gone up, and vice versa.
Related terms
Coupon Rate: The coupon rate represents the interest rate that a bond issuer promises to pay to bondholders annually.
Yield to Maturity: The yield to maturity is an estimated return on investment for a bond if held until its maturity date.
Bond Market: The bond market refers to where investors can buy and sell various types of bonds. It includes government bonds, corporate bonds, and municipal bonds among others.