Daily Economic Research

KBVS ECONOMIC RESEARCH
Wednesday, 29 April 2026

Macro Highlight :
Heightened concerns over a prolonged conflict involving Iran, the US & Israel, alongside elevated oil prices and rising inflation risks, have reinforced expectations for a more hawkish policy stance among major central banks. Looking ahead, investors will focus on the release of German CPI, US Durable Goods Orders, and US Crude Oil Inventories, while monitoring the outcome of the FOMC meeting and geopolitical developments.

On the latest SUN auction, the weighted average awarded yield for FR0107 (5Y) increased to 6.69% (Prev: 6.63%), followed by a +5.31 bps rise in its secondary market yield. Looking ahead, market participants will continue to monitor domestic liquidity conditions and Rupiah stability.

We anticipate a marginal increase in the 10Y SUN yield today (29 Apr ‘26), projecting it to range between 6.69% and 6.89%.

 

Regards,
KBVS Research Team

 

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