Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 25 June 2026

Macro Highlight :
The yield on the UST10Y fell to 4.45% (Prev: 4.48%) on Wednesday, marking its second consecutive daily decline as brent crude prices retreated to around USD67/bbl (Prev: USD69/bbl), returning to levels seen before the US-Iran conflict, amid signs of improving tanker transit through the Strait of Hormuz. Looking ahead, investors are expected to continue monitoring geopolitical developments alongside the release of US Core PCE Index, US Durable Goods Orders, and US Initial Jobless Claims data as key drivers of near-term market direction.

Market sentiment weakened following MSCI’s decision to retain Indonesia’s Emerging Market status while emphasizing the need for further market reforms and signaling a follow-up review in Nov ’26, raising concerns that Indonesia’s market accessibility and investability challenges remain under close scrutiny. Looking ahead, investors are expected to continue monitoring geopolitical developments as the key driver of near-term market direction.

We anticipate a marginal decrease in the 10Y SUN yield today (25 Jun ‘26), projecting it to range between 7.07% and 7.27%.

 

Regards,
KBVS Research Team

 

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