Latest Change USD/SGD 1.2512 -0.0025 Overnight Rate 0.05% Unchanged 2-Year Bond Yield 0.13% Unchanged 10-Year Bond Yield 1.59% -2 bps 2-Year Swap Offer 0.60% Unchanged 10-Year Swap Offer 2.14% -1 bp 2-10-Year Swap Curve 154 bps -1 bp SINGAPORE (Dow Jones)--The Singapore dollar was stronger against its U.S. counterpart late Tuesday in Asia after upbeat U.S. economic data brought some calm to unsettled investors. OCBC said "global risk-off sentiment ebbed slightly overnight, as better-than-expected U.S. retail sales data boosted optimism about the U.S. economy," but it flagged a cautious market tone ahead of Spain's auction of short-dated bills later Tuesday. In a choppy session, the U.S. unit came off an overnight low of S$1.2478 to rise as high as S$1.2533 after Singapore reported an unexpected contraction in exports for March. But the greenback surrendered some of those gains late in the session. The U.S. dollar "did not surge as expected on (Singapore's) bad numbers, possibly amidst subdued risk aversion, but we are not seeing a consistent one-way southbound move for the pairing in the very near-term," Maybank said in a note. Maybank forecast the U.S. dollar to trade within a S$1.2450 to S$1.2550 range for the rest of the session. The yield curve continued to flatten in the Singapore government bond market, as investors bidded for longer-dated paper amid a flaccid showing by local stocks. -By Chun Han Wong, Dow Jones Newswires; +65 64154 160; chunhan.wong@dowjones.com

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