Open AccessDETERMINANT YIELD GOVERNMENT BOND TRADED FROM 2016 TO 2021
Author(s) -
Rosana Mia Agusty,
Bambang Santoso Marsoem
Publication year - 2021
Publication title -
dinasti international journal of management science
Language(s) - English
Resource type - Journals
eISSN - 2686-522X
pISSN - 2686-5211
DOI - 10.31933/dijms.v3i1.980
Subject(s) - government bond , bond , yield (engineering) , inflation (cosmology) , money supply , exchange rate , monetary economics , government (linguistics) , interest rate , economics , financial system , population , index (typography) , business , finance , demography , linguistics , philosophy , materials science , sociology , theoretical physics , world wide web , physics , computer science , metallurgy
A Government Bond is a significant financial instrument for the state budget of Indonesia Government. It has become important and quite attractive among other financial instruments. Using BI 7-Day Repo Rate, Inflation, Money Supply, Indonesia Composite Index, and USD/IDR Exchange Rate as independent variables, this research has been done to determine Government Bond Yield. The research population is bond issued by Indonesia Government. The sampling is 10-years traded Government Bond fixed rate serries during 2016-2021 with 300 data collected which since 2020 Indonesia has been facing the Covid-19 pandemic that affected the global economy and financial markets. This research finds that Government Bond Yield positively affected by BI 7-Day Repo Rate, Inflation Rate, and USD/IDR Exchange Rate, while negatively affected by Money Supply, yet Indonesia Composite Index and Covid-19 pandemic has no effect on the Government Bond Yield.