What effect would a 100 basis point drop in yield have on bond prices?

Name: What effect would a 100 basis point drop in yield have on bond prices?
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A 100 basis point drop in yield would have a larger impact on bond prices when yields are low. This is because as yields decrease, the percentage change in price for a given change in yield becomes greater. Therefore, a 1% decrease in yield (100 basis points) would result in a more significant increase in bond prices when yields are low.

What Effect Would a 100 Basis Point Drop in Yield