Price Value of a Basis Point - PVBP

What Does Price Value of a Basis Point - PVBP Mean?
A measure used to describe how a basis point change in yield affects the price of a bond.

Also knows as the "value of a basis point" (VBP) or "basis point value" (BPV).

Investopedia explains Price Value of a Basis Point - PVBP
There is an inverse relationship between bond price and yield. As bond prices decrease, their yields increase and vice versa. The degree of change in bond price for each basis point change in yield is determined by a number of other factors, such as the bond's coupon rate, time to maturity and credit rating.