Bp refers to the basis point (bp), which is used to measure the interest rate changes of bonds and bills in finance.

1 basis point is equal to 0.0 1%, which is one percent of 1%. The base point is often abbreviated as "BP/BPS".

One basis point is equal to 1 percentage point 1%, that is, 0.0 1%, so 100 basis points is equal to 1%.

Extended data

Basis (basis point) The difference between the spot price of the same commodity and the futures contract price. That is, the gap between the current price and the futures price. Calculation formula:

Spot price-futures price = basis point

Due to the cost of holding, the basis point is usually negative. In general, the spot price is actually lower than the nearby futures price. As the delivery deadline approaches, the holding cost decreases, and the difference between spot and futures prices narrows.

Basis points are divided into strengthening basis points, weakening basis points, national basis points and premium basis points.

Reason: the storage cost of goods; Insurance; Interest payment

References:

Baidu Encyclopedia -bp (personal capital: base point)

References:

Baidu encyclopedia-base point