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DJ Singapore Dollar Extends Fall to Fresh 3-Month Low
December 20, 2013

Latest Change USD/SGD 1.2670 +0.0037 Overnight Rate 0.19% +6 bps 2-Year Bond Yield 0.46% +9 bps 10-Year Bond Yield 2.58% +8 bps 2-Year Swap Offer 0.54% +2 bps 10-Year Swap Offer 2.83% +2 bps 2-10-Year Swap Curve 229 bps Unchanged SINGAPORE--The Singapore dollar weakened further on Friday, reaching a fresh three-month low, amid broad dollar strength in the wake of the U.S. Federal Reserve's decision to start shrinking its monthly bond-buying program. The U.S. dollar was quoted at S$1.2670 late in the Asian day, having peaked at S$1.2680--the highest level since Sept. 16--in a mostly rangebound session. It was quoted at S$1.2633 late Thursday in Asia. Singapore government bonds fell across the curve, broadly in line with a selloff on U.S. Treasurys prompted by the Fed's decision to start trimming its asset-purchasing program. Yield on the benchmark 10-year Singapore government bond rose by eight basis points to 2.58%, while the two-year bond yield rose by nine basis points to 0.46%. Bond yields move inversely to prices. Write to Chun Han Wong at chunhan.wong@wsj.com