Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 4 September 2025

Macro Highlight :
The release of U.S. JOLTS Job Openings data for Jul ‘25 came in weaker, falling to their lowest level in ten months at 7.181 mn (Cons: 7.380 mn; Prev: 7.357 mn). Looking ahead, markets will closely monitor today’s release of U.S. labor market data, including the ADP Nonfarm Employment Change and weekly Initial Jobless Claims, as these indicators are expected to play a pivotal role in shaping fixed income sentiment and reinforcing expectations of a Fed rate cut.

Yesterday, the ICBI reversed lower by -0.06% and the ISIX slipped -0.02%, following a sharp gain the previous day. Looking ahead, rising expectations for a Fed rate cut are anticipated to support a decline in SUN yields, though heightened domestic political tensions remain a factor to watch closely.

We anticipate a marginal decrease in the 10Y SUN yield today (4 Sep ‘25), projecting it to range between 6.26% and 6.46%.

 

Regards,
KBVS Research Team

 

Please click download button below for full report.

Unduh