Latest Change USD/SGD 1.2678 -0.0003 Overnight Rate 0.03% 2-Year Bond Yield 0.44% +1 bp 10-Year Bond Yield 2.61% +5 bps 2-Year Swap Offer 0.58% 10-Year Swap Offer 2.83% SINGAPORE--The Singapore dollar was little changed against the U.S. dollar late on Thursday as traders were likely unwilling to place fresh bets during the holidays. The U.S. dollar was at S$1.2678 in the last hour of Asian trade on Thursday compared with Tuesday's closing of S$1.2681. The U.S. dollar traded between S$1.2669 and $1.2692. Markets in Singapore were closed on Wednesday for Christmas. Currency markets are likely to be quiet for the rest of the week as many traders are on holiday and several markets are closed over Christmas and New Year. Local traders are likely to look for Singapore's gross domestic product data due next week. Singapore government bonds, which often follow U.S. Treasurys, fell. Investors have sold U.S. Treasurys after the U.S. Federal Reserve announced a reduction in bond buying last week. Yield on the benchmark 10-year Singapore government bond rose 5 basis points to 2.61% while the two-year bond edged up by a hundredth of a percentage point to 0.44%. Bond yields move inversely to prices.

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