Economics Bond price and Bond Yield Question
A fall in interest rates makes bond prices rise, and bond yields fall — and rising interest rates cause bond prices to fall, and bond yields to rise. In short, a rise in bond yields means interest rates in the monetary system have fallen, and the returns for investors (those who invested in bonds and govt securities) have declined.
From Article - https://indianexpress.com/article/explained/explained-what-rise-in-bond-yield-means-for-investors-and-govt-7205054/
What exactly is "interest rate " mentioned in para- Repo rate or rate of return or what?