Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 22 January 2026

Macro Highlight :
President Trump’s remarks at the World Economic Forum, which ruled out the possibility of deploying military force to seize Greenland, helped ease concerns in the global bond market. Looking ahead, geopolitical developments, alongside the release of U.S. PCE price data, are expected to be key drivers of the global financial markets today.

Concerns over the potential impact of U.S. tariffs on the European Union, which triggered a global sell-off, also weighed on domestic financial markets. Going forward, Bank Indonesia’s demonstrated confidence in the Rupiah, coupled with easing global geopolitical risks, is expected to foster a more positive sentiment in domestic financial markets.

We anticipate a marginal decrease in the 10Y SUN yield today (22 Jan ‘26), projecting it to range between 6.21% and 6.41%.

 

Regards,
KBVS Research Team

 

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