Basis Point
Definition
A unit of measure equal to one‑hundredth of a percentage point (0.01%). It is commonly used to express changes in interest rates, bond yields and other financial percentages; 100 basis points equal 1%.
A unit of measure equal to one‑hundredth of a percentage point (0.01%). It is commonly used to express changes in interest rates, bond yields and other financial percentages; 100 basis points equal 1%.