The purpose of this research is to know how the impact of the Yield of Government Bonds and SBI’s interest rate on the Outstanding Value of Government Bonds in Indonesia. The data that used in this research is secondary data, for Januari 2000* to 2007*. This study by using multiple regresion with Autoregresive Moving Average (ARMA) method. Based on estimation results show that Yield and SBIâ€â€¦