Daily Economic Research

KBVS ECONOMIC RESEARCH
Friday, 28 November 2025

Macro Highlight :
Global financial markets shifted decisively back into a risk-on mode during the latest trading session, driven primarily by growing conviction that the U.S. Federal Reserve will begin easing policy as early as next month. Looking ahead, the release of Germany’s CPI and the U.S. Chicago PMI later today is expected to serve as key catalysts for near-term global market direction.

In contrast to the positive external sentiment, Indonesia’s domestic bond market experienced renewed selling pressure during Thursday’s session, reversing the prior day’s stabilization. The currency closed at IDR16,644 per USD yesterday, marking its strongest level since the end of October and providing a supportive backdrop for continued capital inflows into Indonesian assets.

We anticipate a marginal decrease in the 10Y SUN yield today (28 Nov ‘25), projecting it to range between 6.15% and 6.35%.

 

Regards,
KBVS Research Team

 

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Unduh