Latest Change USD/SGD 1.2692 -0.0002 Overnight Rate 0.03% -3 bps 2-Year Bond Yield 0.37% +1 bp 10-Year Bond Yield 2.40% +1 bp 2-Year Swap Offer 0.52% -1 bp 10-Year Swap Offer 2.64% +2 bps 2-10-Year Swap Curve 212 bps +3 bps SINGAPORE--The Singapore dollar was steady late Wednesday in Asia as risk sentiment stabilized after concerns over slowing manufacturing activity in the U.S. prompted sharps gains in the previous day. The U.S. dollar fell as low as S$1.2670 but recovered slightly to around the S$1.2700 level later in the session. The greenback had changed hands at S$1.2694 late Asia Tuesday. Investors likely have their eyes cast toward upcoming U.S. employment data this week, while Singapore is due to release data on manufacturing activity later Wednesday, analysts said. "Going ahead, markets may remain hostage to risk appetite fluctuations in the short term but dollar dynamics we think will continue to figure prominently when the smoke clears," OCBC said in a note to clients. The house pegged resistance for the U.S. dollar at S$1.2700 and support at S$1.2653, but also flagged the possibility of the U.S. unit slipping further "in the current environment" toward S$1.2646 to S$1.2647. Singapore government bonds fell slightly, paring recent gains as investor sentiment stabilized following recent market turmoil.

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