Daily Economic Research

KBVS ECONOMIC RESEARCH
Monday, 03 March 2025

Macro Highlight :
Global government bond yields trended lower in the final trading session of last week. Today, the release of EU CPI and the US S&P Global Manufacturing PMI will likely be key drivers of global market sentiment, alongside developments surrounding the enforcement of Trump’s tariffs.

The sharp depreciation of the JISDOR Rupiah to IDR16,575 per USD (Prev: IDR16,431 per USD) exerted significant pressure on Indonesia’s financial markets last Friday (Feb 28). Today, the release of domestic inflation data and the S&P Global Manufacturing PMI is expected to help mitigate further Rupiah depreciation while also providing greater resilience in Indonesia’s financial markets amid escalating global trade tensions.

We anticipate an increase in the 10Y SUN yield today (3 Mar ‘25), projecting it to range between 6.82% and 7.02%.

 

Regards,    
KBVS Research Team

 

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Unduh