Open AccessDETERMINANT OF INDONESIAN GOVERNMENT BOND ‘YIELD’ IN DOMESTIC PRIMARY MARKET
Author(s) -
Bahtiar Usman,
Febrianto Dias Chandra,
Syofriza Syofyan
Publication year - 2021
Publication title -
media ekonomi
Language(s) - English
Resource type - Journals
ISSN - 2442-9686
DOI - 10.25105/me.v28i2.9016
Subject(s) - bond market , coupon , bond , government bond , bond market index , economics , monetary economics , zero coupon bond , stock market , primary market , indonesian , interest rate , financial economics , finance , paleontology , linguistics , philosophy , horse , biology
This study aims to analyze determinants which might influenced yield of Indonesian Government Bond Denominated-Rupiah in primary market. We divide the determinant by three factors (i.e intrinsic factor, extrinsic domestic factor and extrinsic globar factor). Multiple regression using to analyze colinearity among variables in this study. The results showed that bond maturity, bond coupon rate, bond price in secondary market, bond performance in market, inflation rate, currency, money and stock domestic market condition, and money and bond global market condition are significantly affected Indonesian government bond yield in primary market.