Endogenous market development in Indonesia

English

Abstract

We use the survey method and turn off the survey results for causality analysis using regression. We take data from 200 local investors in Indonesia in 2021 and as a control variable, employ supplementary data in the form of market volume. The survey was conducted to understand the preferences of local investors or traders of government securities in Indonesia or buyers of government securities on trading volume in the market. Trading movements in the bond market are influenced by various endogenous variables such as investor perspective, G-sec average balance, percentage of average NDS-OM, daily trade average, percentage of average Bid-Ask spread. These things are the attention of investors in predicting the movement of trade in sovereign bonds in Indonesia.