This section allows cross-market comparisons.
Glossary Definition
Basis Point (bp)

A unit equal to 1/100th of 1%, commonly used to denote the change in a financial instrument, or the difference (spread) between two interest rates. It is commonly used when quantities in percentage points are small, used for calculating changes in interest rates, equity indexes, and yields of fixed-income securities. For example,, a bond whose yield increases from 5% to 5.5% is said to increase by 50 basis points.