Daily Economic Research

KBVS ECONOMIC RESEARCH
Tuesday, 12 May 2026

Macro Highlight :
The yield on the UST10Y climbed to 4.40% (Prev: 4.35%) on Monday, after President Trump rejected Iran’s response to a US proposal, warning that the ceasefire was on “life support". Looking ahead, investors will focus on the upcoming Trump–Xi summit, where discussions are expected to cover Iran, Taiwan, artificial intelligence, nuclear weapons, and critical minerals.

ICBI rose to 439.16 (Prev: 439.15) and ISIX to 403.76 (Prev: 403.70). Looking ahead, investors will continue to monitor geopolitical developments and government bond auction as key drivers of market direction.

We anticipate a marginal increase in the 10Y SUN yield today (12 May ‘26), projecting it to range between 6.51% and 6.71%.

 

Regards,
KBVS Research Team

 

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