Singapore Dollar Weakens as U.S. Treasury Yields Rise — Market Talk

The Singapore dollar weakens against its U.S. counterpart in the Asian session as gains in U.S. Treasury yields improve the appeal of U.S. dollar-denominated fixed-income assets. Overnight, the 10-year U.S. yield rose above 5% for the first time since 2023. Investors are cautious ahead of the Fed's…