Daily Economic Research

KBVS ECONOMIC RESEARCH
Wednesday, 3 June 2026

Macro Highlight :
US economic data continued to point to resilient activity, with Apr ’26 JOLTS Job Openings rising to 8.21 mn (Prev: 7.48 mn), marking the highest level in more than one year. Looking ahead, investors are expected to continue monitoring geopolitical developments alongside the release of US ADP Employment Change, US S&P Global Services PMI, and US Crude Oil Inventories data as key drivers of near-term market direction.

ICBI edged lower to 437.50 (Prev: 437.51), while ISIX declined to 401.73 (Prev: 402.75), in line with higher government bond yields, led by SUN1Y (+6.74 bps), followed by SUN30Y (+0.65 bps) and SUN15Y (+0.58 bps). Looking ahead, investors are expected to continue monitoring geopolitical developments alongside domestic macroeconomic data as key drivers of market direction.

We anticipate a marginal decrease in the 10Y SUN yield today (3 Jun ‘26), projecting it to range between 6.55% and 6.75%.

 

Regards,
KBVS Research Team

 

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