Daily Economic Research

KBVS ECONOMIC RESEARCH
Friday, 19 December 2025

Macro Highlight :
The release of U.S. inflation data for Nov '25 provided a notable boost to global financial market sentiment. This event, alongside the release of U.S. existing home sales data, is expected to be the key focus for markets in the near term.

Indonesia’s fixed-income market traded on a defensive and cautious tone as investors anticipated the release of U.S. inflation data scheduled for this morning, despite Bank Indonesia’s decision to keep its policy rate unchanged at Wednesday’’s meeting. Overall, the day’s moves suggest that market performance was driven primarily by event-risk positioning, as BI’s steady policy stance provided a degree of domestic rate stability but was insufficient to offset global uncertainty ahead of the U.S. inflation announcement.

We anticipate a marginal decrease in the 10Y SUN yield today (19 Dec ‘25), projecting it to range between 6.02% and 6.22%.

 

Regards,
KBVS Research Team

 

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Unduh