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They're basiS points. Each cent (if we're talking money) or percent (if we're talking percentages) is broken into 100 basis points. It's just a way to get rid of a LOT of decimals. Example: if the interest on a Jones Steel bond rose from 7 percent to 8.25 percent, they say it went up 125 basis points.

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16y ago

What else can I help you with?