Daily Economic Research

KBVS ECONOMIC RESEARCH
Tuesday, 26 August 2025

Macro Highlight :
Resilience in the US housing market was reflected in the Jul '25 release of US Building Permits, which stood at 1.362 mn units (Cons: 1.354 mn, Prev: 1.393 mn). Today, the release of the RBA Minutes, US House Price Index, and US CB Consumer Confidence data is expected to be key drivers in the global financial markets.

As expected, the dovish signal conveyed by Jerome Powell during his speech at Jackson Hole late last week has supported positive sentiment in the domestic fixed income market at the start of this week. Today, developments in the SUN auction and SVBI auction are expected to be the main drivers in the domestic market, with further potential for yield compression supported by the continued dovish stance from both the Fed and Bank Indonesia.

We anticipate a marginal decrease in the 10Y SUN yield today 26 Aug ‘25), projecting it to range between 6.19% and 6.39%.

 

Regards,
KBVS Research Team

 

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