Macro-economic determinants of UK treasury bonds spread
This paper studies the relationship between eight macroeconomic determinants and the UK government bond yields. The paper also enhances the previous researches on relationship between macroeconomic factors and the gilts yields. The results show that only 1) short term interest rates have strong and...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2012
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| Online Access: | http://psasir.upm.edu.my/id/eprint/51223/1/12-3.pdf |
| _version_ | 1825930487915347968 |
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| author | Soh, Wei Chee Cheng, Fan Fah |
| author_facet | Soh, Wei Chee Cheng, Fan Fah |
| author_sort | Soh, Wei Chee |
| collection | UPM |
| description | This paper studies the relationship between eight macroeconomic determinants and the UK government bond yields. The paper also enhances the previous researches on relationship between macroeconomic factors and the gilts yields. The results show that only 1) short term interest rates have strong and negative impact on five-year, ten-year and twenty-year UK government bond yields. 2) The exchange rates have significant and positive relationship with five-year UK government bond yield. Whereas, the other macroeconomics variable have no impact on the yields and yield spreads of the UK government bonds. |
| first_indexed | 2024-03-06T09:12:18Z |
| format | Conference or Workshop Item |
| id | upm.eprints-51223 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:12:18Z |
| publishDate | 2012 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| record_format | dspace |
| spelling | upm.eprints-512232017-04-03T05:48:56Z http://psasir.upm.edu.my/id/eprint/51223/ Macro-economic determinants of UK treasury bonds spread Soh, Wei Chee Cheng, Fan Fah This paper studies the relationship between eight macroeconomic determinants and the UK government bond yields. The paper also enhances the previous researches on relationship between macroeconomic factors and the gilts yields. The results show that only 1) short term interest rates have strong and negative impact on five-year, ten-year and twenty-year UK government bond yields. 2) The exchange rates have significant and positive relationship with five-year UK government bond yield. Whereas, the other macroeconomics variable have no impact on the yields and yield spreads of the UK government bonds. Faculty of Economics and Management, Universiti Putra Malaysia 2012 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/51223/1/12-3.pdf Soh, Wei Chee and Cheng, Fan Fah (2012) Macro-economic determinants of UK treasury bonds spread. In: National Research & Innovation Conference for Graduate Students in Social Sciences (GS-NRIC 2012), 7-9 Dec. 2012, Mahkota Hotel, Melaka. (pp. 59-69). |
| spellingShingle | Soh, Wei Chee Cheng, Fan Fah Macro-economic determinants of UK treasury bonds spread |
| title | Macro-economic determinants of UK treasury bonds spread |
| title_full | Macro-economic determinants of UK treasury bonds spread |
| title_fullStr | Macro-economic determinants of UK treasury bonds spread |
| title_full_unstemmed | Macro-economic determinants of UK treasury bonds spread |
| title_short | Macro-economic determinants of UK treasury bonds spread |
| title_sort | macro economic determinants of uk treasury bonds spread |
| url | http://psasir.upm.edu.my/id/eprint/51223/1/12-3.pdf |
| work_keys_str_mv | AT sohweichee macroeconomicdeterminantsofuktreasurybondsspread AT chengfanfah macroeconomicdeterminantsofuktreasurybondsspread |