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Daily Economic Research

27 January 2026

KBVS ECONOMIC RESEARCH
Tuesday, 27 January 2026

Macro Highlight :
The statement by Canadian Prime Minister, Mark Carney, that Canada has no intention of pursuing a free trade agreement with China in response to President Trump’s 100% tariff on Canadian goods has contributed to a decline in global risk off sentiment, then U.S. government bond yields on the first trading day of the week. Today, market drivers are expected to include developments from the Federal Reserve meeting and speculation regarding a potential successor to Chair Powell, as well as escalating geopolitical tensions in the Middle East.

The ICBI posted a modest gain of +0.0694 points, while the ISIXC edged slightly lower by -0.0914 points (-0.02%) in the previous trading session. Looking ahead, the appointment of the new Deputy Governor of Bank Indonesia and the results of today’s SBSN auction are expected to be key drivers of the domestic fixed income market.

We anticipate a marginal decrease in the 10Y SUN yield today (27 Jan ‘26), projecting it to range between 6.23% and 6.43%.

 

Regards,    
KBVS Research Team

 

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