Daily Economic Research

KBVS ECONOMIC RESEARCH
Monday, 17 November 2025

Macro Highlight :
Concerns about insufficient data availability for the Federal Reserve’s upcoming policy decisions have intensified following statements by White House Press Secretary Karoline Leavitt, who highlighted the potential impact of the U.S. government shutdown. Today, market participants are expected to remain focused on the uncertainty surrounding upcoming U.S. data releases, alongside the publication of the U.S. Federal Budget Balance and developments in the 3-month and 6-month Treasury auctions, both of which may influence global market movements.

During Friday's trading session, the bond market strengthened, closing the week on a positive note. The Indonesia Composite Bond Index (ICBI) edged up by +0.05%, and the Indonesia Sukuk Index (ISIX) also posted a small gain of +0.06%. This broad-based rally, led by the long end, suggests external pressures eased significantly, with a likely drop in global yields prompting renewed foreign buying in long-duration assets, while supportive domestic liquidity also anchored the short end.

We anticipate a marginal increase in the 10Y SUN yield today (17 Nov ‘25), projecting it to range between 6.02% and 6.22%.

 

Regards,
KBVS Research Team

 

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