Daily Economic Research

KBVS ECONOMIC RESEARCH
Monday, 8 September 2025

Macro Highlight :
U.S. government bond yields experienced a significant decline across various tenors last Friday. Looking ahead, market sentiment is expected to remain influenced by the outlook for Fed rate cuts, alongside upcoming developments in the U.S. 3-month and 6-month Treasury bill auctions.

Last Thursday, ahead of the Friday market holiday, the ICBI edged down by -0.01%, while the ISIX recorded a slight gain of +0.02%. Looking ahead, the latest developments in the U.S. labor market and rising expectations of Fed rate cuts are expected to have a positive impact on Indonesian bond yields, supporting a potential decline. This outlook is further supported by easing domestic political tensions.

We anticipate a decrease in the 10Y SUN yield today (8 Sep ‘25), projecting it to range between 6.23% and 6.43%.

 

Regards,
KBVS Research Team

 

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