Analisis deteminan yield obligasi pemerintah Indonesia

Qisthina, Ganistie furry (2021) Analisis deteminan yield obligasi pemerintah Indonesia. Masters thesis, IPB University.

[img] Text
K21034-01-Qisthina-Cover.pdf - Published Version

Download (744kB)
[img] Text
K21034-02-Qisthina-Ringkasan.pdf - Published Version

Download (567kB)
[img] Text
K21034-03-Qisthina-Summary.pdf - Published Version

Download (566kB)
[img] Text
K21034-04-Qisthina-Daftarisi.pdf - Published Version

Download (597kB)
[img] Text
K21034-05-Qisthina-Pendahuluan.pdf - Published Version

Download (690kB)
[img] Text
Restricted to Registered users only

Download (837kB)
Official URL:


An important factor that becomes a consideration for investors in purchasing bonds as an investment instrument is the bond yield. Bond yields are used to calculate how much income the investors will get in a certain period of time. The yield movement can be influenced by various factors. This research was conducted to determine the factors that influence the movement of medium and long term Indonesian government bond yields. Indonesian government bond have lower bond yield but have a higher trading volume and value than the trading volume and value of corporate bonds during 2015 to 2019. This indicates that Indonesian government bonds are still in demand by investors. The variables used in this study were bond prices, BI rate, inflation, and exchange rates. Data used in this research were monthly time series data from January 2015 to December 2019. The time series data were analyzed by VAR/VECM. The results of study found that bond price had a significant negative effect on medium term (10 years) and long term (30 years) government bond yields. Interest rate had a significant positive effect on long term government bond yields and exchange rate had a significant positive effect on medium term government bond yields. Inflation had no significant effect on medium and long term government bond yields.

Item Type: Thesis (Masters)
Uncontrolled Keywords: obligasi pemerintah Indonesia, VAR/VECM, variabel makroekonomi, yield obligasi. bond yields, Indonesian government bond, macroeconomic variables, VAR/VECM.
Subjects: Manajemen Keuangan
Depositing User: SB-IPB Library
Date Deposited: 12 Mar 2022 03:31
Last Modified: 12 Mar 2022 03:31

Actions (login required)

View Item View Item