The phrase "historic lows" refers to a record-breaking or exceptionally low level that has been reached in a particular area. It can be used to describe an event, situation, or statistic that is at its lowest point ever recorded. The term often appears in news reports and financial analysis when discussing the performance of stock markets, interest rates, unemployment figures, or other indicators that have hit their lowest levels in history. In essence, "historic lows" signifies a significant milestone that has been achieved, typically indicating positive change or improvement.