Latest Change USD/SGD 1.2685 -0.0002 Overnight Rate 0.05% -1 bp 2-Year Bond Yield 0.24% -1 bp 10-Year Bond Yield 2.56% -10 bps 2-Year Swap Offer 0.71% -1 bp 10-Year Swap Offer 2.82% -5 bps 2-10-Year Swap Curve 211 bps -4 bps SINGAPORE--The Singapore dollar held steady against the U.S. unit near the end of the Asian session on Thursday with little news to drive the market. The U.S. dollar was at S$1.2685 in the last hour of trade--little changed from the same time on Wednesday. Earlier the U.S. dollar was as low as S$1.2647 on optimism in Asian economies. Longer dated Singapore government bonds rose on Thursday sending yields lower. Yield on the benchmark 10-year government bond fell 10 basis points to 2.56% though that on the two-year bond fell by a hundredth of a percentage point to 0.24%. The manager of Japan's biggest mutual bond fund wants to buy more bonds denominated in Singapore dollars if the currency continues to fall. "Singapore continues to have considerable current-account surpluses and foreign reserves," said Masataka Horii who runs the Y1.36 trillion ($13.7 billion) Global Sovereign Open fund at Kokusai Asset Management. The Singapore currency was sold along with other Asian units but its weakening will increase exports helping the economy. If it continues to be sold it will be good to raise allocation, Mr. Horii said in an interview with The Wall Street Journal.

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