Daily Economic Research

KBVS ECONOMIC RESEARCH
Wednesday, 14 January 2026

Macro Highlight :
The release of the U.S. CPI for Dec '25, which remained well contained, showed headline inflation at 2.7% YoY (Cons: 2.7% YoY, Prev: 2.7% YoY) and Core CPI steady at 2.6% YoY (Cons: 2.7% YoY, Prev: 2.6% YoY). Looking ahead, China’s trade balance release, as well as upcoming U.S. data on retail sales, existing home sales, and PPI, are expected to be key drivers of global financial market movements.

The Government of the Republic of Indonesia has issued global bonds totaling USD2.7 bn, alongside the SBSN auction held yesterday, which absorbed IDR12.0 tn. Looking ahead, rupiah appreciation—combined with positive momentum in the equity market amid continued foreign net buying, which reached IDR 1.97 tn yesterday—is expected to provide support for a decline in SUN yields.

We anticipate a decrease in the 10Y SUN yield today (14 Jan ‘26), projecting it to range between 6.04% and 6.24%.

 

Regards,    
KBVS Research Team

 

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