Latest Change USD/SGD 1.2518 +0.0001 Overnight Rate 0.19% +6 bps 2-Year Bond Yield 0.39% +1 bp 10-Year Bond Yield 2.38% +4 bps 2-Year Swap Offer 0.61% +2 bps 10-Year Swap Offer 2.65% +1 bp 2-10-Year Swap Curve 204 bps -1 bp SINGAPORE--The Singapore dollar was little changed against the U.S. unit on Thursday, recovering previous losses as markets awaited news on a resolution of a budget crisis in the U.S. The U.S. dollar was quoted at S$1.2518 near the close of the Asian session, almost unchanged from S$1.2517 on Wednesday afternoon. Earlier, the U.S. currency rose sharply and was quoted at S$1.2542, the highest since Oct. 2, after minutes from the Federal Reserve's last policy meeting showed that many central bank officials favored beginning a rollback of its bond-buying program this year. The minutes from the Sept. 17-18 meeting said the decision not to begin tapering stimulus was a "close call," bolstering the case for a reduction of bond purchases in the next few months. Singapore government bonds declined as demand for safer bets fell amid a better picture of the global economy. The yield on the benchmark 10-year bond rose 4 basis points to 2.38%, while that on the two-year bond was higher by a hundredth of a percentage point at 0.39%. Yields move inversely to bond prices.

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