| View previous topic :: View next topic |
| Author |
Message |
student teacher
Joined: 18 Oct 2005
Posts: 110
|
 Posted: Wed Feb 14, 2007 2:53 am Post subject: back-up |
 |
|
Dear teachers,
What does "back-up" mean in the below sentence, up or down?
"The back-up in yield came only after the Canadian long bond had posted a record low closing yield of 5.56%."
Please give me your help.
Thank you.
Sincerely. |
|
| Back to top |
|
 |
Yinglish
Joined: 30 Jan 2007
Posts: 99
|
| Posted: Wed Feb 14, 2007 3:45 am Post subject: |
|
|
| up |
|
| Back to top |
|
|
student teacher
Joined: 18 Oct 2005
Posts: 110
|
| Posted: Wed Feb 14, 2007 3:54 am Post subject: |
|
|
Dear Yinglish,
Thank you so much again.
Sincerely. |
|
| Back to top |
|
|
CP
Joined: 12 Jun 2006
Posts: 2875
Location: California
|
| Posted: Wed Feb 14, 2007 5:24 am Post subject: |
|
|
It probably means decline or reversal. It would be easier to be sure if there were more context, but the sentence seems to mean that there was a certain amount of profit (yield) in some market, which went down, but only after the Canadian long bond had gone down first.
_________________
You live a new life for every new language you speak. -Czech proverb |
|
| Back to top |
|
|
Yinglish
Joined: 30 Jan 2007
Posts: 99
|
| Posted: Wed Feb 14, 2007 2:15 pm Post subject: |
|
|
| CP wrote: |
| It probably means decline or reversal. It would be easier to be sure if there were more context, but the sentence seems to mean that there was a certain amount of profit (yield) in some market, which went down, but only after the Canadian long bond had gone down first. |
I agree. Without knowing the context, the sentence is pretty misleading. The original article is here (see paragraph four):
http://www.finpipe.com/marketpg/apr998.htm
When a bond is weak, the yield is raised (back up) in order to attract buyers. |
|
| Back to top |
|
|
student teacher
Joined: 18 Oct 2005
Posts: 110
|
| Posted: Wed Feb 14, 2007 6:28 pm Post subject: |
|
|
Dear CP and Yinglish,
Thank you for your advices, but I'm sorry for having been short of context.
The full article is just those as Yinglish indicated.
Doesn't "back up in yield" always mean "up" or "down" ?
Is it depend on the context?
And, in this case, does it mean whether "up" or "down" ?
Please give me your advices again.
Thank you.
With regards. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
