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Equal to one one-hundredth of one percent (.01%). A bond whose yield changed from 6.00% to 6.5% is said to have moved 50 basis points in yield. BID PRICE – The price quoted by a bond broker to the seller of a bond. BOND – A debt security paying a stated rate of interest, on a periodic basis, for a stated term to maturity. BOOK ENTRY SECURITY ................
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