Bond traders generally quote bond yields rather than bond prices, since yield to maturity depends on the face value of the bond.

Name: Bond traders generally quote bond yields rather than bond prices, since yield to maturity depends on the face value of the bond.
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Bond traders quote bond yields because they provide a standardized measure of return that accounts for the bond's price, coupon rate, and time to maturity, not because it depends on the face value.

Bond Traders Generally Quote Bond Yields Rather Than Bond Prices