basis point

noun

Finance.

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

basis point

noun

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

Word History and Origins

Origin of basis point¹

First recorded in 1965–70

Example Sentences

—The German 10-year Bund yield climbed by one basis point to 2.69% from 2.685%, while yields on U.K. government bonds are steady at 4.453%.

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Swap traders are now pricing in an 80% chance of a 25 basis point cut at the Fed’s December meeting, they note.

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Treasury yields edged marginally higher; the two-year Treasury yield was recently up 0.8 basis point to 3.496%, while the 10-year Treasury yield was up 0.4 basis point at 4.039%, according to Tradeweb data.

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The five-year JGB yield is up 1 basis point at 1.320%, the highest level since June 2008.

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The two- and 10-year Treasury yields were down 1 basis point at 3.546% and 4.093%, respectively, according to Tradeweb.

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