Daily Economic Research

KBVS ECONOMIC RESEARCH
Tuesday, 4 November 2025

Macro Highlight :
Global government bond yields broadly trended higher in yesterday’s trading session. Market participants are now turning their attention to today’s releases of the US ADP Nonfarm Employment Change, US ISM Non-Manufacturing PMI, and US S&P Global Composite PMI for additional direction.

During yesterday's trading session, the bond market weakened. The Indonesia Composite Bond Index (ICBI) declined by -0.16%, and the Indonesia Sukuk Index (ISIX) also recorded a loss of -0.13%. The stronger-than-expected reading dampened near-term rate cut prospects and placed renewed upward pressure on government bond yields

We anticipate an increase in the 10Y SUN yield today (4 Nov ‘25), projecting it to range between 6.07% and 6.27%.

 

Regards,
KBVS Research Team

 

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Unduh