Say you bought a bond last month for $9,980.52 (so obviously it should have been a bond with principal of $10,000). Then the economy picks up steam, gets going, ramps up, takes off, or however else you'd like to describe accelerating. And very seen interest rates rise, too. (This is all led by the Federal Reserve because they raise Fed-to-bank loan rates in order to keep the economy from overheating, and then those rates hikes affect all other interest rates, one after the other.) So now interest rates are, say, double what they were when you bought the bond. Is that good news, because now your bond is worth more than then, or is that bad news, because now your bond is worth less than then? Or neither? Ack, so confusing. Please explain.

Say you bought a bond last month for $9,980.52 (so obviously it should have been a bond with principal of $10,000). Then the economy picks up steam, gets going, ramps up, takes off, or however else you'd like to describe accelerating. And very seen interest rates rise, too. So now interest rates are, say, double what they were when you bought the bond. Is that good news, because now your bond is worth more than then, or is that bad news, because now your bond is worth less than then? Or neither?