Daily Economic Research

KBVS ECONOMIC RESEARCH
Friday, 27 February 2026

Macro Highlight :
Easing geopolitical tensions contributed to movements in the bond market, as the start of nuclear negotiations with Tehran signalled a gradual reduction in geopolitical risk. Looking ahead, market participants will focus on upcoming data releases, including the German Unemployment Rate, German Unemployment Change, German CPI, US PPI, US Chicago PMI, and US Construction Spending, which are expected to shape near-term global market sentiment.

The domestic bond market on Thursday, 26 Feb ‘26, continued its positive momentum, with the overall ICBI increasing by +0.3556 points to 442.0938 (vs 441.7382), and the Sharia-based ISIXC rising by +0.3871 points to 404.8516 (vs 404.4645). Mirroring the bond index's resilience and the market's constructive fiscal outlook, the Rupiah strengthened noticeably to IDR 16,758/USD (vs IDR 16,813/USD).

We anticipate a decrease in the 10Y SUN yield today (27 Feb ‘26), projecting it to range between 6.27% and 6.47%.

 

Regards,
KBVS Research Team

 

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