Latest Change USD/SGD 1.3052 +0.0030 Overnight Rate 0.06% +1 bp 2-Year Bond Yield 0.34% +2 bps 10-Year Bond Yield 1.71% -1 bp 2-Year Swap Offer 0.70% +3 bps 10-Year Swap Offer 2.25% -2 bps 2-10-Year Swap Curve 155 bps -5 bp SINGAPORE (Dow Jones)--The Singapore dollar was weaker late Wednesday after the U.S. central bank's policy meeting failed to inspire confidence in global financial markets and as concerns about the euro zone continued to weigh on sentiment. The U.S. Federal Reserve's decision to leave its benchmark rate unchanged was in line with expectations, but investors were disappointed that the Fed gave little indication that it would inject more stimulus into the U.S. economy in the foreseeable future. Meanwhile, Germany's opposition to an increase in the EUR500 billion lending limit for the planned European Stability Mechanism also eroded confidence. Investors are likely to watch for more European developments for cues. "Look to Italian and German bond auctions (later) today as a further source of potential event risk while background worries towards potential rating actions by the rating agencies remain prevalent," OCBC said in a research note. It expects the U.S. dollar to trade in a range of S$1.3000-S$1.3100 in the near term. Singapore government bond yields were lower at the long-end, supported by a strong U.S. 10-year Treasurys auction in the offshore session. -By Sam Holmes, Dow Jones Newswires; +65-6415-4157; samuel.holmes@dowjones.com

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