Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 26 February 2026

Macro Highlight :
President Trump’s announcement of a new blanket tariff on all imports initially heightened market uncertainty, particularly after the Supreme Court rejected his reciprocal tariff proposal. Investors are set to monitor speeches from several Fed officials for further guidance on the policy outlook, along with the US Treasury’s USD70 bn auction of new five-year notes. Tuesday’s two-year note auction was broadly in line with the when-issued level. Additionally, today’s release of US Initial Jobless Claims is expected to provide fresh direction for global market sentiment.

The domestic bond market on Wednesday, 25 February , 2026, closed with generally positive momentum. Closing out the positive session, the Rupiah strengthened to IDR 16,813/USD (vs IDR 16,830/USD).

We anticipate a marginal increase in the 10Y SUN yield today (26 Feb ‘26), projecting it to range between 6.34% and 6.54%.

 

Regards,    
KBVS Research Team

 

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