Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 2 July 2026

Macro Highlight :
The yield on the UST10Y fell to 4.47% (Prev: 4.50%) on Wednesday after comments from Fed Chairman Warsh indicating that inflation risks were gradually easing, reinforcing expectations of a less aggressive monetary policy outlook. Looking ahead, investors are expected to continue monitoring geopolitical developments alongside the release of US Nonfarm Payrolls, US Unemployment Rate, US Average Hourly Earnings, and US Initial Jobless Claims data as key drivers of near-term market direction.

Indonesia's headline inflation accelerated to 0.44% MoM or 3.34% YoY in Jun '26. Looking ahead, investors are expected to remain focused on geopolitical developments, which are likely to remain the key driver of near-term market sentiment and global asset price movements.

We anticipate a marginal increase in the 10Y SUN yield today (2 Jul ‘26), projecting it to range between 7.05% and 7.25%.

 

Regards,
KBVS Research Team

 

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