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Les taux se tendent de 2bps

English translation: rates tighten by 2bps

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:Les taux se tendent de 2bps
English translation:rates tighten by 2bps
Entered by: Marian Vieyra

09:05 Feb 3, 2009
French to English translations [PRO]
Bus/Financial - Finance (general)
French term or phrase: Les taux se tendent de 2bps
Je viens d'acheter pour 1 million d'euros d'obligations de sensibilité égale à 5. *Les taux se tendent de 2bps* : This is the full question on a multiple-choice financial questionnaire aimed at accountancy students/financial analysts. The choice of answers to the question are - Je perds moins de 1.000 euros, b) Je gagne plus de 1.000 euros c) Je perds exactement 1.000 euros. Any help with an accurate translation that flows would be greatly appreciated.
Marian Vieyra
United Kingdom
Local time: 02:50
rates tighten by 2bps
Explanation:
2bps = 2 basis points. 1 basis point is one hundredth of 1% or 0.01%. (The bonds purchased have a sensitivity of 5, so the efect of this 0.02% tightening in rates is multiplied by 5, making it 0.1%. So the answer is c.)
Selected response from:

Rob Grayson
United Kingdom
Local time: 02:50
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4rates tighten by 2bps
Rob Grayson
Summary of reference entries provided
se tendre
Adam Warren

Discussion entries: 1





  

Answers


5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
rates tighten by 2bps


Explanation:
2bps = 2 basis points. 1 basis point is one hundredth of 1% or 0.01%. (The bonds purchased have a sensitivity of 5, so the efect of this 0.02% tightening in rates is multiplied by 5, making it 0.1%. So the answer is c.)

Rob Grayson
United Kingdom
Local time: 02:50
Does not meet criteria
Specializes in field
Native speaker of: English
PRO pts in category: 805
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Reference comments


6 mins
Reference: se tendre

Reference information:
harden, tighten, firm, go/become 2 bp firmer... the general meaning is "upwards" - a Kudoz entry has already been made for this term - see below :)


    Reference: http://www.proz.com/kudoz/french_to_english/economics/177996...
Adam Warren
France
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 39
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