Latest Change USD/SGD 1.2697 -0.0003 Overnight Rate 0.06% +1 bp 2-Year Bond Yield 0.23% +1 bp 10-Year Bond Yield 2.49% +6 bps 2-Year Swap Offer 0.70% +1 bp 10-Year Swap Offer 2.89% +5 bps 2-10-Year Swap Curve 219 bps +4 bps SINGAPORE--The Singapore dollar was flat against the U.S. dollar late on Friday after the U.S. currency was pulled both ways by conflicting signals. The U.S. dollar was quoted at S$1.2697 in the last hour of Asian trade compared with S$1.2700 late on Thursday. It touched a high of S$1.2729 during the day and slipped as low as S$1.2678. The U.S. dollar rose in overnight trade as an upbeat weekly jobless claims number made September U.S. Federal Reserve bond-buying tapering look a done deal. Then came less-then-impressive Empire manufacturing and Philly Fed index sending the U.S. unit lower. The U.S. dollar is likely to react to international economic data but stay largely stable for the rest of the day with resistance near S$1.2750 and support at S$1.2650. Singapore government bonds fell in line with the losses by U.S. Treasurys after the stronger jobs report. Yield on the benchmark 10-year Singapore government bond rose 6 basis points to 2.49% while that on the two-year bond moved up by a hundredth of a percentage point to 0.23% with the steeper yield curve indicating greater market confidence in the global economy.

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