Prices of previously issued bonds have risen.It is likely that

Question

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When the prices of previously issued bonds have risen, it means that the yield on these bonds has decreased. This happens when demand for these bonds has increased and supply has remained constant, resulting in a higher price for the bond. This increase in demand is usually due to market interest rates falling. As investors want to lock in a higher yield before interest rates fall even further, they buy the previously issued bonds, driving up their prices.

Prices of Previously Issued Bonds Have Risen