Latest Change USD/SGD 1.2468 -0.0031 Overnight Rate 0.19% +7 bps 2-Year Bond Yield 0.36% -1 bp 10-Year Bond Yield 2.35% -1 bp 2-Year Swap Offer 0.60% -1 bp 10-Year Swap Offer 2.63% -3 bps 2-10-Year Swap Curve 203 bps -2 bps SINGAPORE--The Singapore dollar traded slightly stronger against its U.S. counterpart Friday, rising the most since Sept. 20 as the greenback suffered from an ongoing partial government shutdown in the U.S. "The uncertainties created by the U.S. debt ceiling plus fiscal drag have resulted in gains in the Singapore dollar against the U.S. dollar by about 0.5% since the end of September," Maybank said in a note, quoting 1.2406 support and 1.2632 resistance for short-term movements. The city state's currency has recovered most of the ground it lost since the U.S. Federal Reserve decided not to scale back its stimulus program two weeks ago, trading slightly stronger in fits and starts. For the immediate outlook, investors are awaiting direction from the Monetary Authority of Singapore, which is expected to keep its exchange rate policy intact in a meeting to be scheduled some time around the end of next week. Singapore government bond yields fell slightly, with no new bond issues to drive demand.

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