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: | Article |
| Language: | English |
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Center for Enhancing Knowledge
2013
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| Online Access: | http://psasir.upm.edu.my/id/eprint/28321/ http://psasir.upm.edu.my/id/eprint/28321/1/Macro-economic%20determinants%20of%20UK%20treasury%20bonds%20spread.pdf |
| _version_ | 1848846085393481728 |
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| author | Soh, Wei Chee Cheng, Fan Fah |
| author_facet | Soh, Wei Chee Cheng, Fan Fah |
| author_sort | Soh, Wei Chee |
| building | UPM Institutional Repository |
| collection | Online Access |
| 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 | 2025-11-15T08:57:06Z |
| format | Article |
| id | upm-28321 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T08:57:06Z |
| publishDate | 2013 |
| publisher | Center for Enhancing Knowledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-283212016-02-02T01:32:05Z http://psasir.upm.edu.my/id/eprint/28321/ 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. Center for Enhancing Knowledge 2013-01 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28321/1/Macro-economic%20determinants%20of%20UK%20treasury%20bonds%20spread.pdf Soh, Wei Chee and Cheng, Fan Fah (2013) Macro-economic determinants of UK treasury bonds spread. International Journal of Arts and Commerce, 2 (1). pp. 163-172. ISSN 1929-7106 http://www.ijac.org.uk/January2013 |
| 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/28321/ http://psasir.upm.edu.my/id/eprint/28321/ http://psasir.upm.edu.my/id/eprint/28321/1/Macro-economic%20determinants%20of%20UK%20treasury%20bonds%20spread.pdf |