Short term vs long term bond pricing?

Short-term bonds typically have lower yields compared to long-term bonds due to their reduced risk and shorter duration until maturity. However, they are more sensitive to changes in interest rates; when rates rise, short-term bond prices tend to fall less dramatically than long-term bonds. Conversely, long-term bonds usually offer higher yields to compensate for the additional risks associated with longer maturities, such as interest rate fluctuations and inflation. As a result, their pricing can be more volatile in response to economic changes.