DEFINITION of 'Beep'
Financial industry jargon for "basis point." The term came into popular usage as an easier way of referring to the basis points' "BPS" acronym. It is sometimes also pronounced "bips".
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BREAKING DOWN 'Beep'
A basis point is 1/100 of a percentage point in the context of interest rates and bond yields. For example, an interest rate increase of 0.25 percentage point by the Federal Reserve would be generally referred to as an increase of 25 basis points, and by financial industry insiders as an increase of 25 beeps.
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RELATED FAQS

Why are bond yields calculated in terms of basis points?
Find out why financial analysts and publications track and quote bond yields in basis points, or bps, rather than simply ... Read Answer >> 
What is a basis point (BPS)?
A basis point is a unit of measure used in finance to describe the percentage change in the value or rate of a financial ... Read Answer >> 
What does it mean when someone says that a stock went up X points? Does this refer ...
For stocks, one point equals one dollar. So when you hear that a stock has lost or gained X number of "points", this is the ... Read Answer >> 
How do I figure out my cost basis on a stock investment?
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