Daily Economic Research

KBVS ECONOMIC RESEARCH
Tuesday, 30 December 2025

Macro Highlight :
The yield on the 10-year U.S. Treasury edged lower -0.1 bps to around 4.1%, as trading activity remained subdued amid the holiday period. Looking ahead, the release of the Chicago PMI later today is expected to have a modest influence on market movements.

Indonesia’s fixed-income market traded on a constructive tone, supported by stronger-than-expected U.S. housing data that reinforced expectations of resilient economic growth. Looking ahead, the domestic fixed-income market is expected to remain sensitive to global interest rate movements, as investors continue to reassess the Federal Reserve’s policy outlook following the release of stronger-than-expected U.S. housing data.

We anticipate a decrease in the 10Y SUN yield today (30 Dec ‘25), projecting it to range between 5.99% and 6.19%.

 

Regards,    
KBVS Research Team

 

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