Singapore unemployment remained near rock bottom Singapore unemployment remained near rock bottom in Q4 of 2014, falling to 1.9% from 2.0% in the previous quarter and in line with previous estimates. For the whole of 2014 the tally was 2.0%, while total employment rose 40.7k in Q4 and 130.1k for the year.
Treasury Action: yields are pulling back from highs Treasury Action: yields are pulling back from highs set in the wake of the 30-year bond auction, drifting back down again as the paper gets picked back up in the secondary market after the as-expected budget gap. The cash bond stalled under 2.71% and pulled back to 2.67%, while the T-note yield probed 2.12% before easing under 2.10%. The 2s-10s spread has widened out to the +143 bp area from +140 bp in early trade.