Latest Change USD/SGD 1.2385 Unchanged Overnight Rate 0.06% Unchanged 2-Year Bond Yield 0.33% -1 bp 10-Year Bond Yield 2.11% -3 bps 2-Year Swap Offer 0.51% -1 bp 10-Year Swap Offer 2.45% -2 bps 2-10-Year Swap Curve 194 bps -1 bp SINGAPORE--The Singapore dollar was unchanged against the U.S. dollar late in Asia on Wednesday as markets waited for indications from the U.S. Federal Reserve about the future course of the central bank's stimulus program. The U.S. dollar was quoted at S$1.2385 in the evening, the same level as late Tuesday. Earlier, it rose to S$1.2428, the highest since Oct. 22, but couldn't hold its gains. The Federal Open Market Committee will issue a statement later in the global day after a two-day meeting. Most analysts expect the FOMC statement to be largely unchanged in its tone on U.S. growth prospects, but that could be seen as a hawkish move from the Fed after recent pessimism about the world's largest economy that endured a partial government shutdown. Singapore government bonds gained in line with U.S. Treasurys. Yield on the benchmark 10-year bond fell by three basis points to 2.11%, while yield on the two-year bond was down by a hundredth of a percentage point at 0.33%. Bond yields move inversely to prices.

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