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Glossary

Glossary

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Published by: meetwithsanjay on Apr 03, 2010
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05/24/2012

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One hundredth of a percentage point. Basis points are used in currency and bond markets where the size
of trades mean that large amounts of money can change hands on small price movements . Thus if the
yield on a Treasury bill rose from 5.25% to 5.33% the change would have been eight basis points.

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