Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 27 November 2025

Macro Highlight :
Rising expectations of a 25 bps U.S. policy rate cut in December—now priced at around 80%—sparked a broad global risk-on sentiment in yesterday’s trading session. Looking ahead, today’s U.S. data releases—including new home sales, building permits, and the Federal Reserve balance sheet update—are expected to serve as key catalysts for movements in global financial markets.

During Wednesday's trading session, the bond market faced mild pressure, reversing the previous day's stabilization. This performance suggests a defensive market stance, characterized by mild profit-taking and yield adjustments across most maturities.

We anticipate a marginal decrease in the 10Y SUN yield today (27 Nov ‘25), projecting it to range between 6.11% and 6.31%.

 

Regards,
KBVS Research Team

 

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