Sep 6, 2021 08:07
2 yrs ago
29 viewers *
English term

retracing its lows

English Bus/Financial Finance (general)
"But unlike in Q1, the market has taken a more pessimistic economic view – fuelled by the rise of the Delta variant – that these strong demand trends will fade into year end and that high inflation is temporary.
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
Votes to reclassify question as PRO/non-PRO:

Non-PRO (2): Yvonne Gallagher, AllegroTrans

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Discussion

Lisa Rosengard Sep 6, 2021:
They traced it back by revising the events surrounding the previous low points. It says there was a subsequent rotation back into quality stocks.
AllegroTrans Sep 6, 2021:
Emmm.... from their memory they recalled, mentally, their previous downturns; wth does that mean?
Lisa Rosengard Sep 6, 2021:
They went back over their previous steps; or from their memory they recalled, mentally, their previous downturns, tracing them back to the beginning. (https://www.thefreedictionary.com/retrace)

Responses

+4
20 mins
Selected

went back down to its previous lows

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.
Peer comment(s):

agree Heather Langdale
31 mins
Thank you!
agree Nadja Wieser
1 hr
Thank you!
agree Daryo
1 hr
Thank you!
agree AllegroTrans : the previous lows were repeated
13 hrs
Thank you!
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks! Laura"
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