English term
retracing its lows
This resulted in the US 10-year bond yield **retracing its lows** and a subsequent rotation back into quality stocks."
Does it mean that it went up from its previous lows, or that it went back down to its previous lows?
Thank you!
Laura
4 +4 | went back down to its previous lows | Kiet Bach |
Non-PRO (2): Yvonne Gallagher, AllegroTrans
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Responses
went back down to its previous lows
That is why there was a a subsequent rotation back into quality stocks. People were moving money out of bonds (because yields were low) and into quality stocks.
agree |
Heather Langdale
31 mins
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Thank you!
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agree |
Nadja Wieser
1 hr
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Thank you!
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agree |
Daryo
1 hr
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Thank you!
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agree |
AllegroTrans
: the previous lows were repeated
13 hrs
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Thank you!
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Discussion