# Les taux se tendent de 2bps

## English translation: rates tighten by 2bps

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

 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 VieyraUnited Kingdom Local time: 00:33
 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: 00:33
 4 KudoZ points were awarded for this answer

4rates tighten by 2bps
 Rob Grayson
Summary of reference entries provided
se tendre
 IanDhu

Discussion entries: 1

5 mins   confidence:
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 GraysonUnited KingdomLocal time: 00:33Meets criteriaSpecializes in fieldNative speaker of: EnglishPRO pts in category: 718

 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...
 IanDhuFranceMeets criteriaSpecializes in fieldNative speaker of: EnglishPRO pts in category: 39

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