Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 4 December 2025

Macro Highlight :
The sharp rise in U.S. government bond yields since last weekend came to a halt in yesterday’s trading. Looking ahead, today’s release of weekly U.S. initial jobless claims is expected to be the key driver for global financial markets.

Indonesia’s bond market shrugged off post-auction fatigue with renewed vigor on Wednesday, as the Indonesia Composite Bond Index (ICBI) climbed +0.09% to 437.20. The Sukuk index (ISIX) followed with a steady, albeit modest, gain of +0.02% to 399.29. Ultimately, the session was defined by a strong return of risk appetite in the conventional intermediate sector, erasing the previous day's supply-driven weakness, while the Sukuk market continued to search for direction.

We anticipate a decrease in the 10Y SUN yield today (4 Dec ‘25), projecting it to range between 6.11% and 6.31%.

 

Regards,
KBVS Research Team

 

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