Bond prices will tend to ( ■ increase / □ decrease ) with maturity when coupon rates are above the relevant forward rates.不太理解这句话
我理解coupon rates are above the relevant forward rates说明它coupon rate较高,那它就会溢价发行价格,是premium bond,那价格应该会随着时间跌落?为什么是increase呢?
难道因为coupon rate 好所以买的人多价格上涨吗?如果这样为什么说increase with maturity呢?
麻烦解答一下,感谢