Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 23 July 2026

Macro Highlight :
The yield on the UST10Y rose to 4.64% (Prev: 4.63%) on Wednesday, reaching a fresh two-month high as both the US and Iran signaled that a resumption of peace talks is unlikely in the near term, pushing Brent crude prices to around USD94/bbl (Prev: USD91/bbl) and keeping inflation concerns elevated. Looking ahead, investors are expected to monitor the ECB Interest Rate Decision and US Initial Jobless Claims data, alongside ongoing geopolitical developments, as key drivers of near-term market direction.

Bank Indonesia maintained the BI Rate at 5.75%, while JISDOR remained stable at IDR17,909/USD (Prev: IDR17,909/USD), reflecting stable domestic currency conditions following the policy decision. Looking ahead, investors are expected to monitor geopolitical developments alongside the release of M2 Money Supply data as key drivers of near-term market direction.

We anticipate a marginal increase in the 10Y SUN yield today (23 Jul ‘26), projecting it to range between 7.18% and 7.38%.

 

Regards,
KBVS Research Team

 

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