Analisis Yield Curve dalam Penilaian Obligasi: Pendekatan Matematis untuk Menghitung Nilai Tebus

Authors

  • GiaColin Alfaro Samuel Sianturi Program Studi Statistika, FMIPA, Universitas Negeri Medan
  • Fachrihz Effendy Program Studi Statistika, FMIPA, Universitas Negeri Medan
  • M. Shadri Ismaun Lubis Program Studi Statistika, FMIPA, Universitas Negeri Medan
  • Revan Kurniawan Lubis Program Studi Statistika, FMIPA, Universitas Negeri Medan
  • Sudianto Manullang Program Studi Statistika, FMIPA, Universitas Negeri Medan

DOI:

https://doi.org/10.32493/sm.v7i1.48580

Keywords:

Yield Curve, Bonds, Investment, Interest Rates

Abstract

Perubahan kurva imbal hasil (yield curve) merupakan salah satu indikator yang penting dalam mengukur ekspektasi suku bunga serta kondisi ekonomi di masa depan. Oleh karena itu penelitian ini bertujuan untuk menganalisi tren perubahan kurva imbal hasil obligasi pemerintah dengan melihat bebrapa nilai tebus obligasi menggunakan nilai sekarang Present Value (PV). Penelitian ini menggunakan metode deskriptif, dimana visualisasi data dinyatakan dalam grafik tren untuk menilai pola pergerakan imbal hasil obligasi. Hasil yang diperoleh dari penelitian ini menunjukkan, imbal hasil obligasi dengan tenor jangka pendek cenderung lebih fluktuatif ketimbang obligasi berjangka panjang. Selain itu, perubahan kurva imbal hasil juga dapat menggambarkan dinamika pasar keuangan serta potensial meramalkan kondisi ekonomi. Oleh karena itu penelitian ini membuktikan bahwa, pemantauan kurva imbal hasil penting dilakukan sebagai langkah assesment kondisi ekonomi dan moneter di masa depan, dan dapat digunakan sebagai referensi bagi investor dalam pembuatan keputusan investasi obligasi.

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Vol. 7 No. 1 (2025)

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Published

2025-04-30

How to Cite

Sianturi, G. A. S., Fachrihz Effendy, M. Shadri Ismaun Lubis, Revan Kurniawan Lubis, & Sudianto Manullang. (2025). Analisis Yield Curve dalam Penilaian Obligasi: Pendekatan Matematis untuk Menghitung Nilai Tebus. STATMAT: Jurnal Statistika Dan Matematika, 7(1), 31–40. https://doi.org/10.32493/sm.v7i1.48580

Issue

Vol. 7 No. 1 (2025)

Section

Articles

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Copyright (c) 2025 GiaColin Alfaro Samuel Sianturi, Fachrihz Effendy, M. Shadri Ismaun Lubis, Revan Kurniawan Lubis, Sudianto Manullang

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