Latest Change USD/SGD 1.2711 -0.0028 Overnight Rate 0.05% NA 2-Year Bond Yield 0.47% +4 bps 10-Year Bond Yield 2.55% +3 bps 2-Year Swap Offer 0.70% NA 10-Year Swap Offer 2.80% NA 2-10-Year Swap Curve 210 bps NA SINGAPORE--The Singapore dollar was trading higher against the U.S. dollar in late Asia trade Monday as investors bought into regional currencies after some heavy selling in recent sessions. Market participants mostly ignored the latest poor China HSBC flash manufacturing purchasing managers index data for March, which fell to an eight-month low of 48.1 compared with a final reading of 48.5 in February. Expectations are that the government might step in to provide fresh economic stimulus. Traders and analysts say the Singapore forex market would take cues from the key U.S. economic data due later this week, including the third reading for the U.S. fourth-quarter gross domestic product data. The market also will be on the lookout for more insights on the Federal Reserve's latest monetary-policy actions in comments from several central-bank officials speaking this week. The U.S. dollar "has likely made a short-term top at the high of S$1.2794 last week and is currently in a consolidation phase," United Overseas Bank said in a note to clients. In the bond market, prices of government debt fell as demand for some corporate-bond issuance gained traction from investors.

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