Daily Economic Research

KBVS ECONOMIC RESEARCH
Friday, 31 October 2025

Macro Highlight :
Global government bond yields broadly rose during Thursday’s trading session, reflecting renewed caution across major economies. Looking ahead, markets are turning their focus to upcoming data releases, including China’s Manufacturing PMI and the Euro Area CPI, both seen as key catalysts for near-term global market sentiment. Meanwhile, lingering concerns over a potential U.S. government shutdown could add another layer of volatility, keeping investors on alert in the weeks ahead.

Pressure in the global fixed income market was also reflected in the domestic market. Looking ahead, market participants will continue to monitor the release of domestic inflation data for further direction, alongside evolving global market sentiment, which remains a key factor influencing the short-term trajectory of Indonesia’s bond market.

We anticipate a marginal increase in the 10Y SUN yield today (31 Oct ‘25), projecting it to range between 5.95% and 6.15%.

 

Regards,
KBVS Research Team

 

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Unduh