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  2. German to English

Contradiction

English translation: no contradiction

09:27 Nov 11, 2003
German to English translations [PRO]
Bus/Financial
German term or phrase: Contradiction
Auf der Gewinnerseite waren besonders die mittleren Laufzeitenbereiche, wo es zu Renditerückgängen von über 50 Basispunkten kam.

Doesn't there seem to be a contradiction in the above sentence? How can one be the medium-term maturities be on the winning side by losing over 50 BP?
Poornima Iyengar
Local time: 23:38
English translation:no contradiction
Explanation:
"Laufzeitenbereiche" would indicate fixed-income securities: if yields go down, prices go up: "With yields falling by more than 50 basis points, medium-term maturities were particularly strong."
Selected response from:

Ralf Lemster
Germany
Local time: 20:08
Grading comment
Thanks Ralf! (As usual :-))
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +6no contradiction
Ralf Lemster


  

Answers


3 mins   confidence: Answerer confidence 5/5 peer agreement (net): +6
no contradiction


Explanation:
"Laufzeitenbereiche" would indicate fixed-income securities: if yields go down, prices go up: "With yields falling by more than 50 basis points, medium-term maturities were particularly strong."

Ralf Lemster
Germany
Local time: 20:08
Native speaker of: German
PRO pts in pair: 2684
Grading comment
Thanks Ralf! (As usual :-))

Peer comments on this answer (and responses from the answerer)
agree  Steffen Walter: Moin Ralf ;-)
8 mins
agree  Alison Schwitzgebel: couldn't agree more.
10 mins
agree  Stefan Simko
2 hrs
agree  Maureen Holm, J.D., LL.M.: solid
10 hrs
agree  szilard: Maybe other results were even worse.
13 hrs
  -> ??? There's nothing about relative returns in here (this is bonds, not equities...) - there's a direct, inverse (albeit not linear) relationship between price and yield - contact me directly if you need more background info
agree  Alexandra Blatz: exactly!
1 day 7 hrs
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