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A study on macroeconomic factors affecting government bond yields: the case of Malaysian bond market / Nurul Aisyah Atan

This study investigates the macroeconomic factors affecting the government bond yields by analyzing the relationship between the government bond yields that is measured by yield to maturity (YTM), with the inflation (INF), interest rate (INT), exchange rate (EXC), money supply (MS) and stock index (...

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Main Author: Atan, Nurul Aisyah
Format: Student Project
Language:English
Published: Faculty of Business and Management 2018
Subjects:
Stock price indexes. Stock quotations
Bonds
Government securities. Industrial securities. Venture capital
Online Access:http://ir.uitm.edu.my/id/eprint/21211/1/PPb_NURUL%20AISYAH%20ATAN%20M%20BM%2018_5.pdf
http://ir.uitm.edu.my/id/eprint/21211/
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id my.uitm.ir.21211
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spelling my.uitm.ir.212112018-10-17T03:21:32Z http://ir.uitm.edu.my/id/eprint/21211/ A study on macroeconomic factors affecting government bond yields: the case of Malaysian bond market / Nurul Aisyah Atan Atan, Nurul Aisyah Stock price indexes. Stock quotations Bonds Government securities. Industrial securities. Venture capital This study investigates the macroeconomic factors affecting the government bond yields by analyzing the relationship between the government bond yields that is measured by yield to maturity (YTM), with the inflation (INF), interest rate (INT), exchange rate (EXC), money supply (MS) and stock index (SI). This study covers the Malaysian bond market in which Malaysia government decides to make the bonds as priority in the market and become the main sources for long term financing due to the Asian financial crisis that has been occurred in year 1997 (Fabella & Madhur, 2003). Besides, this study chose Malaysian government bond as the financial data from the year of 2007 to 2016 were used 40 observations for this study. A multiple linear regression analysis was executed in this study to see the relationship between dependent and independent variables. The dependent variable is government bond yields and is measured by the yields to maturity (YTM), whereas the independent variables are inflation, interest rate, exchange rate, money supply and stock index. As a result this study found interest rate, money supply and stock index have significant and negative impact on government bond yields whereas inflation has significant and positive impact on government bond yields while only exchange rate has negative and insignificant effect on government bond yields. Faculty of Business and Management 2018 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/21211/1/PPb_NURUL%20AISYAH%20ATAN%20M%20BM%2018_5.pdf Atan, Nurul Aisyah (2018) A study on macroeconomic factors affecting government bond yields: the case of Malaysian bond market / Nurul Aisyah Atan. [Student Project] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Stock price indexes. Stock quotations
Bonds
Government securities. Industrial securities. Venture capital
spellingShingle Stock price indexes. Stock quotations
Bonds
Government securities. Industrial securities. Venture capital
Atan, Nurul Aisyah
A study on macroeconomic factors affecting government bond yields: the case of Malaysian bond market / Nurul Aisyah Atan
description This study investigates the macroeconomic factors affecting the government bond yields by analyzing the relationship between the government bond yields that is measured by yield to maturity (YTM), with the inflation (INF), interest rate (INT), exchange rate (EXC), money supply (MS) and stock index (SI). This study covers the Malaysian bond market in which Malaysia government decides to make the bonds as priority in the market and become the main sources for long term financing due to the Asian financial crisis that has been occurred in year 1997 (Fabella & Madhur, 2003). Besides, this study chose Malaysian government bond as the financial data from the year of 2007 to 2016 were used 40 observations for this study. A multiple linear regression analysis was executed in this study to see the relationship between dependent and independent variables. The dependent variable is government bond yields and is measured by the yields to maturity (YTM), whereas the independent variables are inflation, interest rate, exchange rate, money supply and stock index. As a result this study found interest rate, money supply and stock index have significant and negative impact on government bond yields whereas inflation has significant and positive impact on government bond yields while only exchange rate has negative and insignificant effect on government bond yields.
format Student Project
author Atan, Nurul Aisyah
author_facet Atan, Nurul Aisyah
author_sort Atan, Nurul Aisyah
title A study on macroeconomic factors affecting government bond yields: the case of Malaysian bond market / Nurul Aisyah Atan
title_short A study on macroeconomic factors affecting government bond yields: the case of Malaysian bond market / Nurul Aisyah Atan
title_full A study on macroeconomic factors affecting government bond yields: the case of Malaysian bond market / Nurul Aisyah Atan
title_fullStr A study on macroeconomic factors affecting government bond yields: the case of Malaysian bond market / Nurul Aisyah Atan
title_full_unstemmed A study on macroeconomic factors affecting government bond yields: the case of Malaysian bond market / Nurul Aisyah Atan
title_sort study on macroeconomic factors affecting government bond yields: the case of malaysian bond market / nurul aisyah atan
publisher Faculty of Business and Management
publishDate 2018
url http://ir.uitm.edu.my/id/eprint/21211/1/PPb_NURUL%20AISYAH%20ATAN%20M%20BM%2018_5.pdf
http://ir.uitm.edu.my/id/eprint/21211/
_version_ 1685649437979836416
score 13.211869

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