basis point

American  

noun

Finance.

1. one hundredth of one percent, as of interest rates, or investment yields.

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basis point British  

noun

1. a measure used for describing interest rates, equal to one hundredth of a percentage point (0.01%)

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Etymology

Origin of basis point

First recorded in 1965–70

Example Sentences

Ten-year gilt yields declined 0.5 basis point to trade at 4.405%.

From The Wall Street Journal

The two-year Treasury yield edged lower 0.5 basis point to 3.558%; the 10-year Treasury yield was up 0.6 basis point at 4.165%; and the 30-year yield rose 0.9 basis point to 4.794%.

From The Wall Street Journal

The average rate for a 30-year mortgage backed by the Federal Housing Administration was down 1 basis point to 6.08%.

From MarketWatch

The two-year Treasury yield fell 1 basis point to 3.462%, while the 10-year yield declines 2 basis points to 4.158%.

From The Wall Street Journal

For Brooks, the breakout in gold and precious metals more generally was triggered by Chair Jerome Powell’s dovish address at Jackson Hole on Aug. 22 and the 25 basis point easing on Dec. 10.

From MarketWatch