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Basis point (bps)

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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.
MNB is going to cut again – probably by 50 bps
FX Street  Oct 19  Comment 
Headlines Currencies: Forint is holding its gains ahead of the MNB interest-rate setting meeting Fixed Income: MNB is going to cut again – probably by 50 bps Czech Republic On Friday the Czech koruna strengthened up to EUR/CZK 25.705 by both the...
Ultratech Cement profit up 890 bps YoY to 31.3% in Q2 of FY10
The Economic Times  Oct 18  Comment 
Ultratech Cement has improved its operating profit margins which rose 890 basis points YoY to 31.3% in the second quarter of FY10, largely due to lower power & fuel costs, at a time when its realisations were under pressure on a YoY basis.
Moody's: Commercial Mortgages Going Bad At Record Pace
Clusterstock  Oct 14  Comment 
Here's the scary thing about the commercial real estate situation: It's not even starting with the second derivative improvement. Things are still getting worse faster says Moody's. (via Research Recap) The Moody’s Delinquency Tracker (DQT)...
Bund falls below short-term double top formation
FX Street  Oct 12  Comment 
Markets: Fixed Income On Friday, global bonds sold off sharply. In the US, yields jumped 8 basis points in the 2-year sector and 13.3 basis points in the 10-year sector. In the EMU, 2-year yields rebounded even more sharply by 12.4 basis points,...
Australia hikes cash rate target by 25 basis points to 3.25%
MarketWatch  Oct 6  Comment 
Australia hikes cash rate target by 25 basis points to 3.25%
SBI reduces deposit rates by 25 basis points
The Times of India  Oct 1  Comment 
The State Bank of India has cut its deposit rates by 25 basis points (100 basis points = 1%) across all tenures, effective from October 5.
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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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