Daily Economic Research

KBVS ECONOMIC RESEARCH
Friday, 17 May 2024

Macro Highlight :
The yield on UST securities rebounded, with the 2Y yield increasing by +6.8 bps, the 10Y yield by +4.0 bps, and the 30Y yield by +0.6 bps, following a sharp decline in the previous trading session. Today, the release of Chinese Industrial Production and Retail Sales data will drive market sentiment in the morning, followed by the release of the EU CPI. Towards the end of the day, global market sentiment is expected to be influenced by speeches from Fed members Waller and Daly.

The decline in the US CPI also impacted the yields on SUN yesterday. Today, regional and global developments impacting the Rupiah's movement are expected to influence yield fluctuations and drive sentiment in the domestic financial markets.

We anticipate an increase in the 10Y SUN yield today (17 May ‘24), projecting it to range between 6.80% and 7.00%.

 

Regards,    
KBVS Research Team

 

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Unduh