Daily Economic Research

KBVS ECONOMIC RESEARCH
Monday, 29 December 2025

Macro Highlight :
The yield UST10Y edged up to around 4.15% on Friday, reversing its decline from Wednesday, as investors continued to assess the Federal Reserve’s policy outlook. Today, several U.S. data releases are scheduled, including Pending Home Sales and Crude Oil Inventories, which are expected to influence global market sentiment.

The Indonesia Composite Bond Index (ICBI) was flat at +0.00% to 439.61, while the Indonesia Sukuk Index (ISIX) edged up +0.01% to 401.24, reflecting modest support from selective buying. Looking ahead, market direction is expected to remain sensitive to USD/IDR movements, which continue to influence foreign positioning and appetite.

We anticipate a marginal increase in the 10Y SUN yield today (29 Dec ‘25), projecting it to range between 6.04% and 6.24%.

 

Regards,
KBVS Research Team

 

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