basis point

noun

: one hundredth of one percent (as in the yield of an investment)

Examples of basis point in a Sentence

Recent Examples on the Web On the bond market, the yield on the 10-year Treasury note dropped about four basis points to 4.62%. Vinamrata Chaturvedi, Quartz, 17 Apr. 2024 Earlier in April, before a data release last week that confirmed a third-straight month of sticky inflation, Heinel said the firm was betting on a half-point cut in June and 150 basis points of easing by the end of the year. Alice Atkins, Fortune, 16 Apr. 2024 Last month, the People’s Bank of China cut its five-year loan prime rate by 25 basis points to 3.95%, the first such move since May 2023. William Pesek, Forbes, 27 Mar. 2024 The average new auto loan interest rate that consumers obtained so far March increased to 9.7%, up 80 basis points year-over-year. Susan Tompor, Detroit Free Press, 20 Mar. 2024 But now, the consensus view implies just three 25 basis point cuts. Will Daniel, Fortune, 3 Apr. 2024 That possibility might lead the Fed to preemptively cut 25 basis points from the current federal funds rate, even if current economic conditions remain unchanged. Paul Weinstein Jr., Forbes, 29 Mar. 2024 The central bank under Erkan raised interest rates by a cumulative 3,650 basis points to 45%. Beril Akman, Bloomberg.com, 3 Feb. 2024 Smoke expects three rate cuts of a quarter point each — totaling 75 basis points — in 2024. Susan Tompor, Detroit Free Press, 20 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'basis point.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1962, in the meaning defined above

Time Traveler
The first known use of basis point was in 1962

Dictionary Entries Near basis point

Cite this Entry

“Basis point.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/basis%20point. Accessed 26 Apr. 2024.

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