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Basis Point (BPS)

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CommBank lifts rates 37 basis points
Sydney Morning Herald  5 hrs ago  Comment 
Australia's biggest home loan lender raises its standard variable lending rate by more than the central bank's increase.
RBA raises interest rates by 25 bps
Sydney Morning Herald  Dec 1  Comment 
The Reserve Bank has raised the cash rate by 25 basis points to 3.75 per cent, for an unprecedented third month in a row.
Emerging stocks fall 3 pct; debt spreads up 17 bps
Reuters  Nov 27  Comment 
Emerging equities fell 3 percent and sovereign debt yield spreads rose sharply on Friday in the wake of a global market selloff precipitated by Dubai's debt crisis.
HDFC expects rates to firm up by 25-50 bps
The Economic Times  Nov 19  Comment 
The country’s largest mortgage company Housing Development Finance Corporation (HDFC) expects interest rates to go up by 25 to 50 basis points in the first quarter of the next fiscal.
The short end saw its yields even somewhat lower in a daily perspective
FX Street  Nov 19  Comment 
Markets: Fixed Income On Wednesday, European bonds traded essentially sideways, closing nearly unchanged. US Treasury trading was dominated by curve positioning and the presence of technical resistance (119-29 T-Note future), leaving the curve...
Bank of Rajasthan cuts mortgage loans by 100 bps
Reuters  Nov 12  Comment 
Private sector lender Bank of Rajasthan said on Thursday it has cut mortgage loans by 100 basis points to 12.5 percent.
Punjab National Bank cuts term deposit rates by 25-50 bps
The Economic Times  Nov 5  Comment 
Punajb National Bank said on Thursday it has cut interest rates on some of its retail term deposits by 25 to 50 basis points, effective Nov 9. The highest interest rate on its retail term deposits will now be 7 percent.
[$] Long, Short Treasurys Diverge
Wall Street Journal  Nov 4  Comment 
Prices of short-dated Treasurys rebounded after the Federal Reserve kept its commitment to hold short-term interest rates near zero for an extended period of time, disappointing investors who had bet on a more hawkish stance.
HCL Tech to hike salaries; gross margin to dip by 130 bps
The Economic Times  Oct 28  Comment 
HCL Tech CEO Vineet Nayar sees acquisitions in BPO, enterprise application space and cloud computing side. Top 10 BPOs | MNC IT in India | Stock Quote: HCL Tech
Punters back a 25 bps rate increase
Sydney Morning Herald  Oct 26  Comment 
Punters are backing a 25-basis-point increase in the official cash rate when the RBA holds its next board meeting on Melbourne Cup Day, November 3.
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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 

For the article on the company with ticker BPS, see BlackRock Pennsylvania Strategic Municipal Trust (BPS).

A basis point (abbreviated as 'bps' and sometimes pronounced "bips") is a unit that is equal to 1/100th of 1%, and is often used instead of percentages when discussing interest rates, rates of return, and other percentage-based performance metrics that can occur as fractions of a percent.

1% change = 100 basis points, and 0.01% = 1 basis point.

So, a bond whose yield increases from 5% to 5.5% is said to increase by 50 basis points; or interest rates that have risen 1% are said to have increased by 100 basis points.

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