This study examines the analysis of specific factors affecting the price of state bonds in Indonesia Stock Exchange. In this research data is secondary data obtained from Indonesia Stock Exchange. This study aims to determine the factors that influence bond prices. Independent variables in this study SBI rate, Liquidity, Rating, Coupon, Maturity and the dependent variable Bond Prices. The sample in this study as many as 23 State bonds were taken by purposive sampling technique. The analysis in this study using multiple regression analysis. Regression analysis is used to examine the effect of independent variables (SBI interest rate, liquidity, coupon, and maturity) on the dependent variable (in bond prices). Partial test results obtained in this study is that the SBI interest rate is significant and negative effect on the price of the bond, coupon and maturity significant and positive impact on bond prices. Besides the independent variable does not affect the liquidity of bond prices in the 2011-2014 period. . As for the independent variable Rating can not be processed in SPSS, because Rating Indonesian investment to get the same ranking every year from 2011 to 2014. 
Keywords: bond prices, the SBI interest rate, liquidity, coupon and maturity