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Basis point (bps)

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CRR hiked by 75 bps from 5% to 5.75%
INVESTORS PLEASE LISTEN !  Jan 29  Comment 
Highlights of third quarter review of the monetary policy CRR hiked by 75 bps from 5% to 5.75%. CRR hike to happen in 2 stages; first hike by 50 bps by Feb 13 and second stage hike of 25 bps from Feb 27. Reverse repo and Repo rate to...
India central bank raises cash reserve ratio by 75 basis points
MarketWatch  Jan 29  Comment 
India central bank raises cash reserve ratio by 75 basis points
RBI hikes CRR by 75 bps to 5.75%
The Economic Times  Jan 29  Comment 
Hike would happen in two stages; first stage of hike of 50 bps will be effective from Feb 13 & next 25 bps from Feb 27. Monetary Policy: Facts | Comments
CRR hike of 50 basis points probably is a decent compromise: JV Capital Services
The Economic Times  Jan 28  Comment 
Sajiv Dhawan, MD, JV Capital Services, in an interview with ET Now says that CRR hike of 50 basis points probably is a decent compromise.
BATS Europe Launches Smart Order Router - Featuring 0.5 Basis Point Pricing; Live On February 15
Mondo Visione  Jan 25  Comment 
BATS Europe, the operator of an innovative and technology-leading European Multilateral Trading Facility (MTF), today announced the addition of a pan-European smart order routing service for access to multiple market centres including exchanges,...
Greek Bond May Yield 350-365 Basis Points Over Swaps (Update2)
BusinessWeek  Jan 25  Comment 
Greece’s sale of at least 5 billion euros ($7.1 billion) of bonds may be priced to yield 350 basis points to 365 basis points more than the benchmark mid-swap rate, according to people with knowledge of the transaction.
Greek Bonds May Yield 375 Basis Points Over Swaps (Update1)
BusinessWeek  Jan 25  Comment 
Greek 10-Year Bonds Drop; Premium to Bunds at Widest Since March
Bloomberg  Jan 20  Comment 
Greek 10-year government bonds extended declines, sending the difference in yield, or spread, with benchmark German bunds to the widest in 10 months.
Two-Year Swap Spread Narrowest Since 2003 as Debt Sales Rise
Bloomberg  Jan 15  Comment 
U.S. interest-rate swap spreads mostly narrowed, with the two-year decreasing to the least since 2003, amid a continued rise in corporate debt issuance and as implied yields on Eurodollar futures declined.
Calif. credit-default spreads rise after downgrade
MarketWatch  Jan 13  Comment 
The cost of buying insurance against the risk California's government would default on its debt rose Wednesday after Standard & Poor's cut the state's ratings, already the lowest in the nation, to A-minus from A. Spreads on five-year California...
Company Bond Spreads Lead London Back to 1960s, Evolution Says
Bloomberg  Jan 13  Comment 
The corporate bond market in Europe may be returning to London’s “swinging 60s” era as yields over government debt shrink to levels last seen half a century ago, according to Gary Jenkins at Evolution Securities Ltd.



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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. The marginal effect of each basis point change in the value of long term bonds can be very significant for this reason changes are tracked by basis points or 1/100th of 1%

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