Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 23 April 2026

Macro Highlight :
Geopolitical tensions remained elevated despite the extension of the Iran ceasefire, as uncertainty persisted over the timing of formal negotiations and continued disruptions in the Strait of Hormuz, including reports of renewed incidents involving vessels. Looking ahead, investors will focus on the release of US Initial Jobless Claims and US S&P Manufacturing PMI, while continuing to monitor geopolitical developments as the key driver of market direction.

Bank Indonesia kept the BI Rate unchanged at 4.75%, maintaining a cautious stance amid persistent global uncertainties. Looking ahead, investors will continue to monitor geopolitical developments as the key driver of market direction.

We anticipate a marginal increase in the 10Y SUN yield today (23 Apr ‘26), projecting it to range between 6.51% and 6.71%.

 

Regards,
KBVS Research Team

 

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