Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 9 July 2026

Macro Highlight :
The yield on the UST10Y rose to 4.60% (Prev: 4.51%) on Wednesday, reaching its highest level since May as brent crude prices climbed to around USD68/bbl (Prev: USD66/bbl). Looking ahead, investors are expected to continue monitoring geopolitical developments alongside the release of US Initial Jobless Claims and US Existing Home Sales data as key drivers of near-term market direction.

Domestic financial markets came under pressure as Indonesia's Consumer Confidence Index declined to 117.80 (Prev: 120.90) in Jun '26, driven by a decline in the Current Economic Condition Index (IKE) to 109.20 (Prev: 112.20) and the Consumer Expectation Index (IEK) to 126.40 (Prev: 129.70). Looking ahead, investors are expected to continue monitoring geopolitical developments alongside the release of retail sales data as key drivers of near-term market direction.

We anticipate an increase in the 10Y SUN yield today (9 Jul ‘26), projecting it to range between 7.18% and 7.38%.

 

Regards,
KBVS Research Team

 

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