All else equal, the market value of a corporate bond is always inversely related to its coupon rate.

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The market value of a corporate bond is primarily influenced by the prevailing interest rates in the market relative to its coupon rate. If interest rates rise above the bond's coupon rate, the bond's price typically falls, and vice versa. However, the relationship is not always inverse to the coupon rate itself but rather to the movement of interest rates in comparison to the bond's coupon rate. Factors such as credit risk, maturity, and liquidity also affect a bond's market value.

All Else Equal, the Market Value of a Corporate Bond