Daily Economic Research

KBVS ECONOMIC RESEARCH
Friday, 30 January 2026

Macro Highlight :
The US trade deficit widened sharply in Nov '25 to USD56.8 bn (Cons: USD40.5 bn; Prev: USD29.2 bn), driven by a +5.0% MoM increase in imports, particularly pharmaceuticals and computers. Looking ahead, markets will closely monitor the EU unemployment rate, German CPI, and US PPI releases (both headline and core), alongside persistently elevated geopolitical risks in the Middle East.

The domestic fixed income market weakened, with the ICBI declining by -0.16 points (-0.04%) to 439.6448, while the ISIXC was broadly flat at 402.2620 (-0.0025 points). For today, we expect fragile investor confidence to remain a key overhang on domestic financial markets, alongside ongoing global geopolitical developments.

We anticipate a marginal decrease in the 10Y SUN yield today (30 Jan ‘26), projecting it to range between 6.24% and 6.44%.

 

Regards,
KBVS Research Team

 

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