Daily Economic Research

KBVS ECONOMIC RESEARCH
Tuesday, 13 January 2026

Macro Highlight :
Rising geopolitical tensions in Venezuela and Iran pushed gold prices up by more than +2% in the previous trading session, reaching a new all-time high of USD4,620 per ounce. Looking ahead, further geopolitical developments—particularly Iran’s parliamentary warnings against Israeli and U.S. intervention in its domestic affairs—along with the upcoming U.S. 3-month and 6-month Treasury auctions, are expected to continue influencing global financial markets.

Domestic macroeconomic sentiment remains cautious as the Rupiah (JISDOR) depreciated to IDR16,853/USD yesterday, while investors await the US CPI data release later today. Trading activity was moderate, and investors are advised to maintain a defensive stance while monitoring the USDIDR trajectory and the inaugural SBSN auction results today

We anticipate an increase in the 10Y SUN yield today (13 Jan ‘26), projecting it to range between 6.10% and 6.30%.

 

 

Regards,
KBVS Research Team

 

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Unduh