affect the demand of private bonds are Gross Domestic Product (GDP) as X1, exchange rate as X2, and interest rate of deposit …-squared is 93%, which means the independent variables, there are Gross Domestic Product (GDP), exchange rate, and interest rate …

, GDP and domestic lending rates, both in the short tem, medium term and long term.The collection of data obtained from … secondary data is data Sibor, the money supply, inflation, SBI, GDP and domestic lending rates. The scope of this study include …, SBI and GDP). Determination of the number of observations based on the stability of the lag structure in the research …