Price Value of a Basis Point - PVBP
Also knows as the "value of a basis point" (VBP) or "basis point value" (BPV).
There is an inverse relationship between bond price and yield. As bond prices decrease, their yields increase and vice versa. The degree of change in bond price for each basis point change in yield is determined by a number of other factors, such as the bond's coupon rate, time to maturity and credit rating.
Investment dictionary. Academic. 2012.
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