Daily Economic Research

KBVS ECONOMIC RESEARCH
Wednesday, 24 December 2025

Macro Highlight :
U.S. economic data releases were mixed in the previous trading session. Core PCE inflation for 3Q25 increased to 2.9% YoY (Cons: 2.9% YoY; Prev: 2.6% YoY), while headline PCE for the same period rose to 2.8% YoY (Cons: 2.9% YoY; Prev: 2.1% YoY). Looking ahead, market participants are expected to closely monitor the release of U.S. weekly initial jobless claims later today, particularly ahead of the Christmas holiday tomorrow.

Indonesia’s fixed-income market traded on a selective tone, with headline indices posting modest gains despite mixed movements along the curve. Looking ahead, investor sentiment will likely be shaped by the U.S. GDP and housing data releases due this morning.

We anticipate a marginal decrease in the 10Y SUN yield today (24 Dec ‘25), projecting it to range between 6.01% and 6.21%.

 

Regards,
KBVS Research Team

 

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