A unit of measurement for interest rates or yields that is expressed as a percentage. One-hundredth of one percent. One hundred basis points equal one percent. American Banker Glossary
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In the bond market, the smallest measure used for quoting yields is a basis point. Each percentage point of yield in bonds equals 100 basis points. Basis points also are used for interest rates. An interest rate of 5% is 50 basis points higher than an interest rate of 4.5%. Sometimes referred to as BPS, BIPS, and pronounced " Bips"
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One-hundredth (.01) of a full index point. Chicago Mercantile Exchange Glossary
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One hundredth of one percent (0.01%). Dresdner Kleinwort Wasserstein financial glossary
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basis point ( bp)
1% of 1%. Exchange Handbook Glossary
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A hundredth of one per cent (0.01 per cent).
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( bp)
A change in the interest rate of 1/100 of 1%. Therefore, one basis point (1 bp) is equivalent to 0.01%. LIFFE
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One hundredth of a percentage point, or 0.01, the standard market measure for interest rates and bond yields.
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basis point UK US noun [C]
► FINANCE, ECONOMICS used in relation to interest rates to mean one-hundredth of one percent: »
This Treasury note yielded 6.60% this morning, down four basis points from last week.
Financial and business terms. 2012.