Published date: Aug 15 2024

Journal Title: KnE Social Sciences

Issue title: 6th Social and Humaniora Research Symposium (6th SoRes): Ethical Governance

Pages: 558–568

DOI: 10.18502/kss.v9i24.16870

Mahirun MahirunMahirun@yahoo.comUniversitas Pekalongan, Pekalongan

Syifaul FuadahUniversitas Pekalongan, Pekalongan

Arih JannatiUniversitas Pekalongan, Pekalongan

The objective of this study is to examine and analyze the impact of macroeconomic variables that we suspect affect bond yields including BI rate, inflation, gross domestic product. The population in our study is banking companies in the period 2017 - 2020, and the analytical tool used is multiple linear regression to test the effect of independent variables on the dependent variable. Analysis of the main test on 50 samples revealed that the BI rate and inflation exhibit a positive and statistically significant impact on bond yields, whereas the gross domestic product variable, while significant, exerts a negative influence.

Keywords: BI rate, inflation, gross domestic product, bond yield, banking

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