My understanding is that if a demand for a bond is moves up, people convert to local currency to buy the bond. So price of the currency goes.
But how exactly do we quantify that the demand for a bond is heading up, as a bond return's and bond's price are inversely co-related.
Does the growth in bond's price signify an increase in a bond's demand
(or)
Does the boost at a bond's yield signify a rise in bond's demand?
If my understanding is wrong, please feel free to correct me...
Due