What moves when interest rates move

Flip interest rates up or down and see what happens to what you already own.

For educational purposes only. Simplified illustrations to help you understand how things work. Not financial, investment or tax advice, and not a recommendation.

Interest rates are
What you ownPriceYieldCoupon

Price and yield move in opposite directions. The coupon is fixed when you buy. Tap a row for why. Directional and illustrative only.

  • Price and yield move in opposite directions
  • A bond's coupon never changes
  • GICs you already hold don't change at all
SeminarsBook a free call