Fixed Income Update 24 Oct 2024
KBVS WEEKLY FIXED INCOME UPDATE
Thursday, 24 October 2024
WHERE DO WE STAND?
- Navigating the Intersection of Politics & Economics
In the last 1 year, the fluctuations in global geopolitical tensions in the Middle East and the Russia-Ukraine conflict have abruptly influenced sentiment in the global economy. Additionally, the increasing likelihood of Trump's victory in the past week has also shifted expectations regarding the Federal Reserve's interest rates.
The inauguration of a new president (Pak Prabowo and Pak Gibran) and the formation of the cabinet have generated a sense of euphoria, while also prompting a wait-and-see approach among domestic market participants. On one hand, the names of well-known figures are highly anticipated, and changes in nomenclature, particularly in the economic sector and the effectiveness of the cabinet, will certainly be keenly awaited by the public, especially given the current large number of “Kabinet Merah Putih” members.
Regards,
KBVS Research Team