noun
General Slang
Bip
· noun · finance
Trader-floor pronunciation of 'bp' / basis point.
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Definitions
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Spoken shorthand for a basis point. Saying 'fifty bips' is faster than 'fifty basis points' and sounds less try-hard than 'fifty bee-pees'. Pure desk slang — you'll hear it on rates, credit and FX floors, never in a press release.
“Spread tightened ten bips on the print.”
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Bip In A Sentence
Spread tightened ten bips on the print.
Origin & Usage
People Also Ask
What does 'Bip' mean on a trading floor?
'Bip' is trader-floor pronunciation of 'bp,' short for basis point.
How do you use 'Bip' in a sentence?
A trader might say, 'Yields moved five bips on the news.'
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