0316 GMT - USD/SGD is trading steadily during the Asia session, underpinned by a scenario of higher-for-longer U.S. rates. This scenario continues amid worries over rising term premium in the U.S. lifting Treasury yields and the greenback, Maybank analysts say in an FX Research & Strategy report. Demand at the U.S. Treasury's $44 billion auction on Wednesday of seven-year notes was weak, the analysts note. Term premium is defined as compensation which investors require for bearing risk that rates may change over the life of a bond. USD/SGD is little changed at 1.3527. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 29, 2024 23:16 ET (03:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。