The Effect of Seniority and Security Covenants on Bond Price Reactions to Credit News

2011 ◽  
Author(s):  
David D. Cho ◽  
Hwagyun Kim ◽  
Jung S. Shin
Keyword(s):  
Bond Price ◽  
Price Reactions

Post-Earnings Announcement Bond Price Reactions

2012 ◽  
Author(s):  
Xiaoting Wei ◽  
Cameron Truong ◽  
Madhu Veeraraghavan
Keyword(s):  
Bond Price ◽  
Earnings Announcement ◽  
Price Reactions

Corporate Bond Price Reactions to Dividend Changes

2017 ◽  
Author(s):  
Xiaoting Wei ◽  
Cameron Truong ◽  
Viet Minh Do
Keyword(s):  
Corporate Bond ◽  
Bond Price ◽  
Price Reactions

Strategi Pengelolaan Risiko dan Peningkatan Kualitas Pengelolaan Kas Negara

2017 ◽  
Vol 2 (2) ◽  
pp. 43-54
Author(s):  
Agung Mulyono
Keyword(s):  
Interest Rates ◽  
Financial Risk ◽  
Vector Autoregression ◽  
Secondary Market ◽  
Key Factors ◽  
Bond Price ◽  
Hedging Strategy ◽  
Foreign Loan ◽  
Term Operation ◽  
Loan Interest Rates

Cash management is  one of treasury’s main functions in which has a potential financial risk. A potential financial risk emerges when State Treasurer manages cash surplus and or/ shortages in order to maintain optimum liquidity. By applying Vector Autoregression (VAR) system on empirical data provided by Bank Indonesia and the Ministry of Finance of Indonesia, we found that currency value  flunctuation is a significant factor for repayment value of foreign loan. Interest rates and amount of government’s bond held by foreign investors are also variables impacted on government’s bond price movement in secondary market. Currency value  flunctuation and price of government’s bond in secondary market are the key factors that have to be considered by State Treasurer (BUN) in managing state’s money. Hedging strategy by using derivatif product is possible to be utilized by State Treasurer (BUN) due to it’s flexibility for short-term operation.   Abstrak Pengelolaan kas negara merupakan salah satu fungsi pokok perbendaharaan yang dalam proses pelaksanaannya menyimpan potensi berbagai risiko keuangan. Risiko keuangan, khususnya dalam investasi berpotensi muncul ketika Bendahara Umum Negara (BUN) melakukan kegiatan pengelolaan kelebihan dan/ kekurangan kas dalam rangka menjamin ketersediaan dan optimalisasi kas. Dengan menggunakan analisis Vector Autoregression (VAR) atas data empiris yang diperoleh dari Bank Indonesia dan Kementerian Keuangan Indonesia, penulis menemukan bahwa fluktuasi nilai tukar mata uang merupakan faktor yang signifikan terhadap besaran pembayaran utang luar negeri pemerintah. Tingkat suku bunga acuan dan pergerakan besaran kepemilikan SUN oleh investor asing juga merupakan variabel yang berpengaruh terhadap pergerakan harga SUN di pasar sekunder. Fluktuasi nilai tukar mata uang dan pergerakan harga SUN di pasar sekunder menjadi faktor penting dalam pelaksanaan investasi yang dilakukan BUN dalam rangka pengelolaan kelebihan dan/ kekurangan kas. Berdasarkan hasil tersebut, strategi pengelolaan risiko atau hedging dengan menggunakan produk-produk derivatif dalam pengelolaan kelebihan dan/ kekurangan kas jangka pendek – menengah sangat dimungkinkan karena sifat instrumen derivatif yang fleksibel.

Bond Price and Risk Dyamics

2012 ◽  
Author(s):  
Golaka C. Nath
Keyword(s):  
Bond Price

A Real Accurate Formula for the Yield Elasticity of Bond Price

2012 ◽  
Author(s):  
Michael J. Osborne
Keyword(s):  
Bond Price

Corporate Bond Price Reversals

2019 ◽  
Author(s):  
Alexey Ivashchenko
Keyword(s):  
Corporate Bond ◽  
Bond Price

Feverish Stock Price Reactions to the Novel Coronavirus

2020 ◽  
Author(s):  
Stefano Ramelli ◽  
Alexander F. Wagner
Keyword(s):  
Stock Price ◽  
The Novel ◽  
Price Reactions ◽  
Stock Price Reactions ◽  
Novel Coronavirus
Sign in / Sign up

Export Citation Format

Share Document