Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 30 April 2026

Macro Highlight :
The hawkish outcome of the FOMC meeting, accompanied by an 8–4 dissenting vote—the highest since 1992—has reinforced expectations that the Fed will maintain a higher-for-longer rate stance. Looking ahead, investors will assess the broader implications of the FOMC outcome, geopolitical developments, and upcoming key global economic data releases.

Domestic bond market weakened, with the ICBI declining to 436.38 (Prev: 437.80) and the ISIX easing to 401.71 (Prev: 402.58), amid heightened fiscal concerns. Going forward, investors will closely monitor fiscal policy developments and geopolitical risks.

We anticipate a marginal increase in the 10Y SUN yield today (30 Apr ‘26), projecting it to range between 6.82% and 7.02%.

 

Regards,
KBVS Research Team

 

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