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

Atan, Nurul Aisyah (2018) A study on macroeconomic factors affecting government bond yields: the case of Malaysian bond market / Nurul Aisyah Atan. Student Project. Faculty of Business and Management, Bandaraya Melaka. (Unpublished)

[img]
Preview
Text
PPb_NURUL AISYAH ATAN M BM 18_5.pdf

Download (349kB) | Preview

Abstract

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.

Item Type: Monograph (Student Project)
Creators:
CreatorsEmail
Atan, Nurul AisyahUNSPECIFIED
Subjects: H Social Sciences > HG Finance > Investment, capital formation, speculation > Stock price indexes. Stock quotations
H Social Sciences > HG Finance > Investment, capital formation, speculation > Securities. Fixed-income securities > Bonds
H Social Sciences > HG Finance > Investment, capital formation, speculation > Government securities. Industrial securities. Venture capital
Divisions: Universiti Teknologi MARA, Melaka > Bandaraya Melaka Campus > Faculty of Business and Management (M)
Item ID: 21211
Uncontrolled Keywords: Government bond yields; Exchange rate; Interest rate; Money supply; Stock index
Last Modified: 17 Oct 2018 03:21
Depositing User: Perpustakaan UiTM Cawangan Melaka UiTM Cawangan Melaka
URI: http://ir.uitm.edu.my/id/eprint/21211

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year