Sentence examples for bps- from inspiring English sources
The CDS on Santander, Spain's biggest bank, is 260 bps while that on Bankinter, a feisty rival, is 329 bps.Two things determine banks' funding costs apart from the country in which they are based.
Although investment-grade spreads have moved little since then, those of junk issuers have continued to tighten, from 1,100 bps in October to 730 now.In this section The temptations of yield Name theory Trouble at home Banks beaten Black ink Unhappy returns Bad habits Inelastic bands Germany's euro test ReprintsThe same pattern can be seen in emerging markets.
The spread of the EMBI+ rose from its low point in January to 569 bps this week.Though prices subsequently recovered a bit, emerging debt probably has further to fall.
From its peak in September 2002 to its trough early this year, the EMBI+, an index of these spreads tracked by J.P. Morgan, fell from 1,041 bps (basis points, or hundredths of a percentage point) over Treasuries, to 384 bps in early January.This is a little curious.
PETER BOOCKVAR writes:Greek 5 yr CDS is blowing out by about 100 bps to 950-990 bps after Austria threatened to withhold its portion of the Greek bailout funds because they don't believe Greece has met the conditions for the next round of money.
The cost of buying credit-default swaps (CDSs) on the debt of Intesa, Italy's biggest bank by domestic market share, is 295 bps while that of insuring debt issued by Monte dei Paschi di Siena, a smaller and admittedly troubled rival, is 708 bps.
He blogs for the British Psychological Society at bps-research-digest.blogspot.com and is currently writing Great Myths of the Brain (Wiley-Blackwell).
But there were those who wondered whether the tie-up with Rosneft was a good idea and whether it would have been done if BP had more options.
BP was encouraged to sell its stake in TNK-BP for an initial $12.5bn in cash plus an 18.5% stake – now raised to 20% – when its private sector partners succumbed to its own pressure from Rosneft.
Rosneft has taken over TNK-BP in a $55bn £36bnn) deal that will make the Russian state-owned oil company by far the world's largest listed oil producer.
In response, BP bought Amoco and Arco, Exxon snapped up Mobil to form the world's biggest oil company and Chevron merged with Texaco.
