Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 15 January 2026

Macro Highlight :
The release of the U.S. PPI, following the CPI data a day earlier, showed contained inflationary pressures, easing inflation concerns and reopening the possibility of up to three 25 bps Fed rate cuts this year. Looking ahead, the Philadelphia Fed Manufacturing Index and weekly initial jobless claims are expected to be key market drivers today, alongside geopolitical risks that could escalate unexpectedly.

The domestic fixed income market faced continued selling pressure on Wednesday, 14 Jan 2026, as the benchmark 10-year SUN yield rose +2.9 bps to 6.21%. Trading activity remained moderate as market participants awaited clearer signals from the US Producer Price Index (PPI) and global geopolitical tensions.

We anticipate a marginal decrease in the 10Y SUN yield today (15 Jan ‘26), projecting it to range between 6.10% and 6.30%.

 

Regards,
KBVS Research Team

 

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Unduh