Daily Economic Research

KBVS ECONOMIC RESEARCH
Wednesday, 13 May 2026

Macro Highlight :
The yield on the UST10Y rose to around 4.45% on Tuesday (Prev: 4.40%), following US Headline CPI accelerated to 3.8% YoY in Mar '26 (Cons: 3.7% YoY; Prev: 3.5% YoY), while Core CPI also increased to 2.8% YoY (Prev: 2.6% YoY), primarily driven by a sharp rise in gasoline prices, which surged 28.4% YoY. Looking ahead, investors are expected to closely monitor geopolitical developments, alongside the upcoming releases of US PPI data and US Crude Oil Inventories, which are likely to remain key drivers of market direction in the near term.

Domestic financial markets came under pressure with Rupiah weakened to IDR17,514/USD (Prev: IDR17,415/USD), while bond prices declined with ICBI falling to 437.39 (Prev: 439.16) and ISIX to 402.85 (Prev: 403.76). Looking ahead, investors will continue to monitor geopolitical developments and MSCI rebalancing as key drivers of market direction.

We anticipate an increase in the 10Y SUN yield today (13 May ‘26), projecting it to range between 6.64 % and 6.84%.

 

Regards,
KBVS Research Team

 

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