WSJ:Singapore Dollar Steady Late as Markets Await U.S. Budget Resolution
Latest Change
USD/SGD 1.2493 +0.0005
Overnight Rate 0.13% -12 bps
2-Year Bond Yield 0.38% Unchanged
10-Year Bond Yield 2.35% +2 bps
2-Year Swap Offer 0.61% +1 bp
10-Year Swap Offer 2.64% +1 bp
2-10-Year Swap Curve 203 bps Unchanged
SINGAPORE--The Singapore dollar was little changed against its U.S. counterpart late Tuesday in Asia as global markets looked to the U.S. for an end to its ongoing budget impasse.
The U.S. dollar fetched S$1.2493 near the end of the Asian session, little changed from S$1.2488 quoted around the same time Monday.
Investors are looking ahead to Oct. 17, when U.S. lawmakers need to vote to lift the country's debt ceiling and stave off a default on its obligations.
The U.S. dollar may keep to a S$1.2450-S$1.2550 range for the day, according to Oversea-Chinese Banking Corp. Ltd.
Longer-dated Singapore government bonds fell a little, with the yield on the benchmark 10-year bond rising two basis points to 2.35%. The yield on the 2-year bond, however, was unchanged at 0.38%.
