Tip - Why do interest rates tend to have an inverse relationship with bond prices?

At first glance, the inverse relationship between interest rates and bond prices seems somewhat illogical, but upon closer examination, it makes sense. An easy way to grasp why bond prices move opposite to interest rates is to consider zero-coupon bonds, which don't pay coupons but derive their value from the difference between the purchase price and the par value paid at maturity.
Tags: bond,interest rate,coupon,zero-coupon bond,par value,maturity,bonds,interest rate policy,macroeconomics