| Summary: | This research study aims to analyze the effect of liquidity, coupon, and the
duration of the government bond to the government bond price which issued by
several vovernment in the world. Samples taken are government bonds from the
period June 2010 to November 2012. The samples of data are from, Australian
government bond, Japanese government bond UK Treasury and US Treasury in
the Merryl Lynch benchmark.
Multiple regression analysis performed in its entirety, and also performed
on a per country. The results of the analysis of the overall government bond�s
duration and coupon have a positive and significant impact on bond prices and the
liquidity is negative effect on bond prices and simultaneously significantly
influence to the bond prices.
The results for Japanese government bond in partially coupon and liquidity
are positive impact and significant on bond prices, while the duration of the bond
is negative effect on bond price changes. The results of the Australian government
bonds is only duration has positive effect and significant on bond prices changes
and simultaneously generated coupons, liquidity and duration are not influence to
the bond prices. The results of the the United Kingdom government bond in
partially only coupon significant effect on bond prices but with simultaneously all
independen variable have significant effect to the bond price. And the results of
US Treasury in partially coupon and liquidity with significant effect on bond
prices and also with simultaneously the ccoupons, liquidity and duration of the
bond are significant effect on bond prices.
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