scholarly journals Factors Affecting the Yield of Indonesia Government Bonds 10 Years

2021 ◽  
Vol 6 (1) ◽  
pp. 243-248
Author(s):  
Intan Permanasari ◽  
Augustina Kurniasih
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Government Bond ◽  
Government Bonds ◽  
Factors Affecting ◽  
Indonesian Government ◽  
Bond Yield ◽  
The Us ◽  
Regression Approach ◽  
Study Population

The purpose of this research is to analyze the effect of inflation, interest rates, the rupiah exchange rate, and the US 10-Year Treasury on the Indonesian Government Bond Yield. The study population was all yield tenors of the benchmark series Government bonds for the period 2017 to 2019. This study is an associative causality study. The research sample is Indonesian government bonds with a tenor of 10 years. Data were analyzed using multiple linear regression approach. The results show that inflation and US 10-Year Treasury have no effect on the Indonesian Government Bond Yield. Interest rates and the rupiah exchange rate have a positive and significant effect on the Indonesian Government Bond Yield.

scholarly journals THE ANALYSIS THE EFFECT OF MACROECONOMIC FACTORS ON INDONESIA 10-YEAR GOVERNMENT BOND YIELD

2021 ◽  
Vol 2 (3) ◽  
pp. 471-481
Author(s):  
Chyntia Juliana Pratiwi ◽  
Matrodji H. Mustafa
Keyword(s):  
Gross Domestic Product ◽  
Exchange Rates ◽  
Interest Rates ◽  
Domestic Product ◽  
Government Bond ◽  
Sovereign Risk ◽  
Macroeconomic Factors ◽  
Government Bonds ◽  
Bond Yield ◽  
Analysis Technique

The purpose of this research is to analyze macroeconomics, namely Inflation, Gross Domestic Product, Exchange Rates, Interest Rates and Sovereign Risk to Indonesia 10-Year Government Bond Yield. The population in this study were all government bond yield tenors of the benchmark series for the period 2017 to 2019. The type of research used in this study is causal associative research. The research sample is Indonesian government bonds with a tenor of 10 years. The sample amounted to 36 data. The data analysis technique used multiple regression analysis method. The results showed that inflation and Gross Domestic Product have no effect on the Indonesia 10-Year Government Bond Yield. Exchange Rates, Interest Rates and Sovereign Risk have a positive and significant effect on the Indonesia 10-Year Government Bond Yield.

scholarly journals THE INFLUENCE OF INFLATION RATE, EXCHANGE RATE, CORRUPTION CONTROL, AND POLITICAL STABILITY TO INDONESIAN GOVERNMENT BOND YIELD

2020 ◽  
Vol 3 (1) ◽  
pp. 18-22
Author(s):  
Benny Budiawan Tjandrasa ◽  
Agus Ariwibowo ◽  
Rofinus Jewarut
Keyword(s):  
Exchange Rate ◽  
Inflation Rate ◽  
Secondary Data ◽  
Political Stability ◽  
Systematic Sampling ◽  
Government Bond ◽  
Bond Yields ◽  
Significance Level ◽  
Indonesian Government ◽  
Bond Yield

As a developing country that still has to develop in all fields and to maintain its economic development, the Indonesian government requires significant funds for development. To fulfill the lack of funds obtained from the tax, the Indonesian government sells bonds. Indonesia's 10-year government bonds are known as Surat Utang Negara (or abbreviated as SUN). This study aims to confirm whether the inflation rate, exchange rate, political stability, and corruption control affect the yield of SUN. The research uses descriptive methods and explanatory studies with secondary data based on systematic sampling of periods chosen from January 2013 to December 2019. Multivariate regression equation models were used with a significance level of 5% for the t-test. The conclusions are: partially and simultaneously inflation rate, exchange rate, control corruption, and political stability have a significant effect on the Indonesian Government Bond. This research found that deteriorating political stability and control corruption would cause government bond yields to increase

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI JUMLAH KUNJUNGAN WISATAWAN DI PROPINSI SUMATERA UTARA

2021 ◽  
Vol 4 (1) ◽  
pp. 1-10
Author(s):  
Enita Rosmika
Keyword(s):  
Exchange Rate ◽  
General Knowledge ◽  
Product Knowledge ◽  
Climate History ◽  
Dollar Exchange Rate ◽  
Factors Affecting ◽  
Independent Variables ◽  
Tourism Product ◽  
The Us ◽  
Us Dollar

Tourism Product Knowledge is regarding the general knowledge of all regions in Indonesia which includes the location of the region / geography, climate, history, politics, culture, and particularly object - attractions and facilities and attractions which support it. In this study, entitled Factors Affecting Total tourist arrivals in Sumut Province Year Period 2014 -2019. The purpose of this study was to determine the number of rooms and the dollar exchange rate partially and simultaneously inuence the number of tourist arrivals in Sumut, in order to obtain a result the number of hotel rooms inuential not evident partially on the number of tourists visiting the province of Sumut, because t smaller than t table or -1.651 <1.761 while the dollar exchange rate has a signicant effect on the number of tourists visiting the province of Sumut, because t is greater than t table or 2.236> 1.740 and Total Room and the US dollar exchange rate simultaneously or together of the number of tourists visiting Sumut Province since F count> F table or 13.288> 3.59. The magnitude of the effect of independent variables on the dependent variable simultaneously can be known from the value of the coefcient of determination (R2) is equal to 0.639. This means that both variables jointly contribute to or inuence amounted to 63.9 percent of the number of tourists visiting the province of Sumut, while the remaining 36.1 percent is inuenced by other variables that are not described in the model, such as safety, service, facilities.

Weak forint will not shift Hungary’s monetary policy

2019 ◽  
Keyword(s):  
Government Bond ◽  
Content Type ◽  
The Past ◽  
China Trade ◽  
Bond Yield ◽  
The Us ◽  
Growth Prospects ◽  
Trade War ◽  
Chinese Trade ◽  
Roll Back

Significance It dropped to 332.2, a decline of 5.7% since March 10, when the forint reached its strongest level against the euro this year. While the forint has fallen steadily against the single currency over the past several years -- it has lost 18% since November 2012, with half the decline occurring since mid-2017 -- it has come under more strain since March, owing to a combination of fallout from the US-China trade war and the persistently dovish policy stance of Hungary’s Central Bank (MNB). Impacts Markets have become increasingly pessimistic about the growth prospects for the euro-area. A technical recession is increasingly probable in Germany, where the benchmark ten-year government bond yield is at a near-record low. Central Europe’s economies are decoupling from the industrial slowdown in the largest EU economy, although divergences are narrowing. Renewed hopes of a US-Chinese trade truce, including a possible roll-back of existing tariffs, are improving sentiment towards EM.

scholarly journals THE INFLUENCE OF GDP, INTEREST RATE, WAGE, INFLATION AND EXCHANGE RATE ON RESIDENTIAL PROPERTY PRICE IN INDONESIA

2019 ◽  
Vol 17 (9) ◽  
Author(s):  
Badrud Duja ◽  
Heri Supriyanto
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Interest Rate ◽  
Interest Rates ◽  
Residential Property ◽  
Property Prices ◽  
The Us ◽  
Property Price ◽  
Us Dollar ◽  
The Government

Over the past years, Indonesia’s economic growth has been recorded among the top developing countries. The economic growth is believed to contribute to the increase on residential property prices. The main objective of this study is to analyse the influence of determinants of residential property prices in Indonesia by examining the dynamic relationships of residential property prices reflected through the Residential Property Price Index (RPPI) with Gross Domestic Product (GDP), investment interest rates, wages, inflation and the exchange rate against the US dollar using secondary data over a period of thirteen-years between 2002Q1 and 2014Q4. By applying the Engle-Granger co-integration testand the error correction model, this research aims to see the relationship between the variables both in the short- and long-term. The results of the study indicated that macroeconomic factors that were significantly related to Indonesian residential property prices were GDP, wages, inflation, and exchange rates against the US dollar, while the investment interest rate was not included in these factors. Furthermore, based on the results of the regression analysis on research data, government policy in setting minimum wage standards has the greatest impact on residential property prices in the property sector in Indonesia. Thus, the results of this research are expected to provide the government with better viewpoints that will assist them in enacting better policies in the residential property sector.

scholarly journals EFFECT OF INTEREST RATE, INFLATION AND NATIONAL INCOME TO RUPIAH THE AMERICAN DOLLARS IN 2006-2016

2017 ◽  
Vol 15 (2) ◽  
pp. 240-248
Author(s):  
Muhammad Irsyad Mustaqim ◽  
Saparuddin Mukhtar ◽  
Tuty Sariwulan
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Multiple Regression ◽  
Time Series Data ◽  
National Income ◽  
Coefficient Of Determination ◽  
Series Data ◽  
The Us ◽  
Us Dollar ◽  
The Exchange Rate

This research aims to analyze the effect of interest rates, inflation and national income against the rupiah exchange rate over the US dollar. As for the data used in this research is secondary data, with this type of time series data in the period 2006-2016 obtained from Bank Indonesia and the World Bank. The method of this research method using exposé facto. Data analysis techniques used in this research is the analysis of multiple regression. By using multiple regression analysis model, the output shows that interest rates (X 1) positive and significant effect of the exchange rate of the rupiah against the US dollar up (Y). Inflation rate (X 2) do not affect the exchange rate of the rupiah significantly to top u.s. dollars (Y). National income (X 3) a positive effect of the exchange rate of the rupiah against the US dollar up (Y). Of test results by looking at their significance value F = 0.000 then it can be said to be 0.05 < simultaneously interest rates, inflation and national income effect significant at α = 5% against the rupiah exchange rate over the US dollar in the year 2006-2016. The value of the coefficient of determination (R2) acquired for 0.660 has a sense that the rupiah exchange rate over the US dollar can be explained by the level of interest rates, inflation and national income amounted to 66% while the rest is explained by other factors that do not exist in the model for this research.

scholarly journals An Econometric Analysis of the Relationship between Changes in Government Bonds, Exchange Rate and Inflation Dynamics in South Africa

2018 ◽  
Vol 10 (4(J)) ◽  
pp. 165-173
Author(s):  
Sanusi K A ◽  
Meyer D F
Keyword(s):  
South Africa ◽  
Exchange Rate ◽  
Empirical Analysis ◽  
Inflation Rate ◽  
Series Data ◽  
Government Bond ◽  
Government Bonds ◽  
Depth Analysis ◽  
The Exchange Rate ◽  
The Empirical Analysis

The study examined the dynamic interaction between government bonds, exchange rate and inflation in South Africa. The study follows a quantitative research method, using monthly time series data from 2007 to 2017 within the framework of a Vector Autoregressive Analysis (VAR). Evidence from the empirical analysis shows that government bond accounts for significant variation in the exchange rate and inflation rate within the study period. The causality test also suggests the presence of uni-directional causal relationships from government bonds to exchange rate, and also to the inflation rate. The principal conclusion that emanates from the empirical analysis is that government bonds are an important policy instrument in the management of the exchange rate and the inflation rate in South Africa. The study recommends that the South African Reserve Bank is a coordinator of government bond and should carry out an in-depth analysis of the economic conditions before issuing the government bonds, taking into account its impeding effects on the exchange rate and inflation rate and many other macroeconomic variables. 

scholarly journals Does High Yield Spread Dampen Economic Growth?

2014 ◽  
Vol 3 (2) ◽  
pp. 01-09
Author(s):  
Yutaka Kurihara
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Interest Rates ◽  
Empirical Relationship ◽  
Negative Relationship ◽  
The United States ◽  
Output Growth ◽  
Yield Spread ◽  
Government Bond ◽  
Bond Yield

This article focuses on the empirical relationship between the United States’ and Japan’s yield spread of interest rates and economic growth in Japan. The yield spread is defined in this article as the difference between the Japanese government bond yield minus the US government bond yield. Some studies have tackled this issue and found a negative relationship between the yield spread and economic growth; however, recent studies have shown no or a weak relationship. This problem has not yet reached consensus in spite of its importance. As the Japanese interest rate has been quite low since the adoption of the zero interest rate policy at the end of 1990s, the situation may change the results. The empirical results show that reliability of yield spread as a leading indicator of output growth exists in Japan; however, term structure of interest rate is not related to output growth.

scholarly journals An empirical analysis of long-term Brazilian interest rates

PLoS ONE ◽  
2021 ◽  
Vol 16 (9) ◽  
pp. e0257313
Author(s):  
Tanweer Akram ◽  
Syed Al-Helal Uddin
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Policy Implications ◽  
Government Bond ◽  
Short Term ◽  
Monetary Policies ◽  
Government Bonds ◽  
Macroeconomic Variables ◽  
Brazilian Government

This paper empirically models the dynamics of Brazilian government bond (BGB) yields based on monthly macroeconomic data, in the context of the evolution of the key macroeconomic variables in Brazil. The results show that the current short-term interest rate has a decisive influence on the long-term interest rate on BGBs, after controlling for various key macroeconomic variables, such as inflation and industrial production. These findings support John Maynard Keynes’s claim that the central bank’s actions influence the long-term interest rate on government bonds mainly through the current short-term interest rate. These findings have important policy implications for Brazil. This paper relates the findings of the estimated models to ongoing debates in fiscal and monetary policies.

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