Daily Economic Research

KBVS ECONOMIC RESEARCH
Wednesday, 7 January 2026

Macro Highlight :
Statements from Fed officials were key sentiment drivers in financial markets during the previous trading session. Looking ahead, geopolitical developments, along with upcoming EU CPI data and U.S. labor market releases—including JOLTS job openings and ADP nonfarm employment—are expected to be the main drivers of global market sentiment today.

Indonesia’s fixed-income market traded on a defensive tone, contrasting the domestic equity market which recorded a second consecutive all-time high, prompting some rotation away from bonds toward risk assets. Looking ahead, the domestic fixed-income market is expected to remain influenced by equity market momentum and USD/IDR dynamics, as investors balance risk-on positioning against lingering inflation concerns and geopolitical uncertainties.

We anticipate a marginal increase in the 10Y SUN yield today (7 Jan ‘26), projecting it to range between 5.99% and 6.19%.

 

Regards,
KBVS Research Team

 

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