Daily Economic Research

KBVS ECONOMIC RESEARCH
Monday, 23 February 2026

Macro Highlight :
The release of US PCE prices for Dec '25 showed an increase of 0.4% MoM and 2.9% YoY (Cons: 0.3% MoM and 2.8% YoY; Prev: 0.2% MoM and 2.8% YoY), marking the highest level since February 2025. Today, the release of the Dallas Fed PCE data, alongside the developments from last Friday, is expected to continue shaping global financial market movements.

The domestic bond market ended last week on Friday, February 20, 2026, on a slightly positive note, even though the Rupiah remained weak at IDR 16,885/USD. In the derivatives market, Basket Bond prices remained stable, with GB05 closing at 102.69 and GB10 at 102.80.

We anticipate a marginal increase in the 10Y SUN yield today (23 Feb ‘26), projecting it to range between 6.36% and 6.56%.

 

Regards,
KBVS Research Team

 

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