A basis point is a unit of measure when talking about interest rates and other percentages in the financial world. There are 100 bps in 1%. Thus, each bps is .01%.
Overall bps is expressed about a change in rate.
A basis point is a unit of measure when talking about interest rates and other percentages in the financial world. There are 100 bps in 1%. Thus, each bps is .01%.
Overall bps is expressed about a change in rate.