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DJ Singapore Dollar Recovers a Little After Sharp Fall on Fed Taper
December 23, 2013

Latest Change USD/SGD 1.2654 -0.0016 Overnight Rate 0.13% -6 bps 2-Year Bond Yield 0.47% +2 bps 10-Year Bond Yield 2.54% -5 bps 2-Year Swap Offer 0.56% +2 bps 10-Year Swap Offer 2.77% -6 bps 2-10-Year Swap Curve 221 bps -8 bps SINGAPORE--The Singapore dollar gained slightly against the U.S. dollar late on Monday, recovering a bit from last week when the U.S. unit had gained against most currencies. The U.S. dollar was quoted at S$1.2654 in the last hour of Asian trade, compared with S$1.2670 around the same time on Friday. The U.S. currency hit S$1.2685 on Friday, a three-month high, after the U.S. Federal Reserve announced a scaling back in its bond buying program. Singapore government bonds were mixed, with yield on the benchmark 10-year bond down 5 basis points to 2.54%, while the yield on the two-year bond climbed 2 basis points to 0.47%. Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com