Consider a $1 million investment in government treasury notes of various maturities.
- 2 year note: 200 USD
- 3 year note: 300 USD
- 5 year note: 400 USD
- 10 year note: 800 USD
- 30 year bond: 1600 USD
So, if you have a $1 million investment in a 3 year note and the yield increases by 1 basis point, the value of your investent will go down by 300 USD.