ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI YIELD OBLIGASI NEGARA TAHUN 2010 - 2012
ABSTRACT: This research
examines the effect of term to maturity,
inflation, interest rate (BI rate), exchange rate and oil price to bond yield.
How far which all that variable will influence the yield of bond discussed
through in this research. Market interest rate reference in this research is BI
rate, term to maturity is residual lifetime of bond (maturity date), exchange
rate is Rupiah median rate to US Dollar, inflation is inflation rate per year
and oil price universalize. The results show correlation between bond yield
with term to maturity, inflation, interest rate, exchange rate and oil price
are 0,925. While coefficient determination (Adjusted R Square) equal to 0,854,
its meaning 85,4% of bond yield explainable by term to maturity, inflation, interest rate, exchange rate and
oil price, the rest (14,6%) explained by others factor. By multiple regression
stepwise method, we know that term to maturity (sig 0,000), inflation (sig
0,000), exchange rate (sig 0,001) and oil price (sig 0,000) have significant
effect to bond yield. But interest rate (sig 0,331) has not a significant to
bond yield.
Penulis: Anang Aulia Rahman
dan Sam’ani
Kode Jurnal: jpmanajemendd130892
