Latest Change USD/SGD 1.2715 +0.0040 Overnight Rate 0.05% -1 bp 2-Year Bond Yield 0.37% +1 bp 10-Year Bond Yield 2.41% -2 bps 2-Year Swap Offer 0.52% Unchanged 10-Year Swap Offer 2.66% +1 bp 2-10-Year Swap Curve 214 bps +1 bp SINGAPORE--The Singapore dollar weakened against the U.S. dollar on Tuesday following geopolitical tensions caused by the standoff between Russia and Ukraine that drove up the safe-haven U.S. currency. The U.S. dollar was quoted at S$1.2715 near the close of Asian trading after touching S$1.2727 overnight, a level last seen on Feb. 4. The U.S. dollar was quoted at S$1.2675 around the same time on Monday. Investors were closely watching the situation in Ukraine's Crimea region that remained tense with Russian forces taking effective control of the peninsula. The Singapore dollar may also be under pressure due to weak China and South Korea manufacturing PMI data released on Monday, which bode poorly for international commerce. Singapore government bonds were mixed, with the yield on the benchmark 10-year bond down two basis points to 2.41%, while that on the two-year bond edged one hundredth of a percentage point higher to 0.37%

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