Daily Economic Research

KBVS ECONOMIC RESEARCH
Monday, 24 November 2025

Macro Highlight :
Rising expectations for a 25 bps Fed rate cut at the upcoming December FOMC meeting—from 30% at the start of last week to 71% by Friday—pushed the US10Y yield down by 2.0 bps in the final trading day of the week. Today’s releases of US industrial production data and the auctions for 3-month, 6-month, and 2-year Treasuries are expected to act as key drivers for the global fixed income market.

During Friday’s trading session, the bond market weakened, reversing the gains seen earlier. This movement suggests investors opted to secure gains ahead of the weekend, leading to a consolidation in prices and a readjustment in yields, particularly at the short end of the curve, likely tracking broader global market shifts.

We anticipate a marginal decrease in the 10Y SUN yield today (24 Nov ‘25), projecting it to range between 6.05% and 6.25%.

 

Regards,
KBVS Research Team

 

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Unduh