Okay

... dynamics in the secondary market, what, what I'm saying is that the price of a bond, which obviously drives the return that you get from the fixed cash flows, will be a function of prevailing returns available from comparable investments.

And obviously the most comparable investment to a bond is just putting your money in a bank account.

So bo- the return on a bond, if, if, if, if, if prevailing interest rates where you can, you know, oth- other things you could invest your money in go down, your 5% bond looks better and better, and better.

If your bank account's paying you 3% and you have a bond that pays you 5%, clearly you're, you're, you're, you're onto a winner.

So that pri- the value of that bond will go up because everybody wants it because it pays 5% rather than 3%.

Conversely, if general market interest rates are at 5% and bonds, the bond that was issued two years ago comes with a 3% coupon, that bond is unattractive because why would you own a bond that paid 3% when you can put your money in the bank account earning 5%? So the price of the bond will fall so that the yield or the return available on the bond matches comparable other- capital markets investments.

... does that differ from the normal bond?