Bank of canada 10 year bond yields
Why yields go down when prices go up. would people pay $100 for a 10 year bond that pays 5%, when they could buy a 10 year bond that pays 6% for $100? The selected 2-, 5-, 10-, or 30-year issues are generally changed when a building benchmark bond is adopted by financial markets as a benchmark, typically after the last auction for that bond. The selected 3-year issue is usually updated at approximately the same time as changes are made to the 2-year, and sometimes with the 5-year.