Daily Economic Research

KBVS ECONOMIC RESEARCH
Friday, 21 February 2025

Macro Highlight :
The yield movements in global government bonds were mixed during yesterday's trading session. Today, the release of the U.S. S&P Global Manufacturing PMI for February 2025 and U.S. Existing Home Sales data are expected to be key market movers in the global financial landscape.

The ICBI turned positive, gaining +0.04% in yesterday’s trading session, in line with the ISIX, which continued its upward trend with a +0.02% increase. Today, market participants will closely monitor the developments in the SRBI and SuKBI auctions, as well as the foreign currency term deposit (TD Valas) and reverse repo (RR SBN) auctions. These events are expected to drive positive sentiment in the domestic market ahead of the implementation of the new export proceeds (DHE) regulation on March 1.

We anticipate a marginal decrease in the 10Y SUN yield today (21 Feb ‘25), projecting it to range between 6.66% and 6.86%.

    
Regards,    
KBVS Research Team

 

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Unduh