Daily Economic Research

KBVS ECONOMIC RESEARCH
Tuesday, 21 January 2025

Macro Highlight :
Global government bond yields exhibited mixed movements as trading commenced this week. Today, markets are expected to respond to Trump’s address, where he signed a series of executive orders aimed at boosting energy production while avoiding the imposition of new tariffs that had worried many investors. Other key developments include the Eurogroup meetings, the release of Canada’s CPI data, and U.S. Treasury auctions for 3-month, 6-month, and 52-week bills, all of which are likely to shape global market sentiment.

ICBI rose by 0.01%, and ISIX increased by 0.05% during yesterday's trading session. Today’s government bond auction, with an indicative target of IDR 26.0 trillion, is expected to drive sentiment in the domestic fixed-income market, alongside market reactions to statements made by Trump following his inauguration yesterday.

We anticipate a marginal decrease in the 10Y SUN yield today (21 Jan ‘24), projecting it to range between 7.03% and 7.23%.

    
Regards,    
KBVS Research Team

 

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