Daily Economic Research

KBVS ECONOMIC RESEARCH
Friday, 15 November 2024

Macro Highlight :
Global government bond yields moved mixed in yesterday's trading. Today, the release of the UK GDP, U.S. retail sales (both core and headline), and U.S. industrial production data is expected to be key in shaping global market sentiment.

ICBI continued its decline by -0.18%, while ISIX fell by -0.06% during yesterday's trading session. Today’s trade balance, as well as export and import figures, are expected to be key drivers of domestic sentiment, while ongoing global sentiment assessments are anticipated to maintain pressure on the Rupiah, potentially leading to further depreciation today.

We anticipate a marginal decrease in the 10Y SUN yield today (15 Nov ‘24), projecting it to range between 6.82% and 7.02%.

 

Regards,    
KBVS Research Team

 

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