Concept
Basis point
One hundredth of a percentage point (0.01%), often written bp. A move of 25 basis points is 0.25%.
Why we track it
Rates and credit spreads move in small steps, so we quote them in basis points to keep the changes readable.
Concept
One hundredth of a percentage point (0.01%), often written bp. A move of 25 basis points is 0.25%.
Rates and credit spreads move in small steps, so we quote them in basis points to keep the changes readable.