Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 9 April 2026

Macro Highlight :
The UST10Y yield edged lower to around 4.31% (Prev: 4.30%), after earlier declining as much as -7 bps, as investors leaned toward safe-haven assets. Investors will also look to upcoming US data, particularly the PCE Price Index, as the next key driver of market direction.

Domestic fixed-income markets moved higher, with ICBI rising to 437.70 (Prev: 435.74) and ISIX to 402.53 (Prev: 400.86), driven by gains in government bond prices, as reflected in benchmark series such as PBS038 (+0.95 pts) and broader index baskets. Going forward, market direction will likely remain sensitive to geopolitical developments, alongside domestic liquidity conditions.

We anticipate a marginal decrease in the 10Y SUN yield today (9 Apr ‘26), projecting it to range between 6.47% and 6.67%.

 

Regards,
KBVS Research Team

 

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