Fixed Income Bonds Versus Interest Rates - Is That a Thing?

The way fixed income works, bonds versus interest rates is you got to think about them like a teeter totter. So when bond prices are lower, when interest rates. have gone down, right? Continually gone down, gone down. And just as recently as a year and a half ago, interest rates as low as they've ever been. Doug Shakin: If time were okay, if you had unlimited time, all bond prices go back to the price that they were when they were issues.