Analysis of current quotation for Amazon bonds‘Amazon’s $ 2 billion bond 3.3% 2021’jumped 7 basis to 3.12% yield this quote is analysed as follows:‘Amazon’s $ 2 billion bond 3.3% 2021’ Describes the bond being traded in this case $ 2 billion bond issued at an interest rate of 3.3% due in 2021.‘Jumped 7 Basis Points’in bond language, a point is equivalent to one percent. And a basis point equivalent to 0.01 percent.So before the jump the bond was at 3.05. This statement is a short form of communicating both the price of the bond and the yield to maturity. Bond prices and yields are inversely related. When yield increases the price of the bond must go down.‘3.12% yield’ the 3.12% is the bonds yield to maturity based on the current market price. Thus Yield takes into account both coupon rate of the bond and the market price. This bond had a coupon rate of 100, so on which interest is paid at 3.3%. The market yield is 3.12% this means that market price of the bond has changed to 105.76. Comparison of Current Price with Par ValueThe current price is different from the par value because of forces