Japanese government bond yields fell on Friday on decent results at the Bank of Japan's bond-buying operation, but rising U.S. Treasury yields capped gains in bond prices.
Alibaba Group Holdings said it had raised $5 billion as it finalised its mega U.S. dollar bond deal on Friday, as investors overlooked the company's ongoing regulatory scrutiny in China.
The Australian dollar slipped on Friday and was on track for a small weekly loss led by a pull-back in global risk sentiment and on comments by the country's top central banker that interest rates will stay low for a long time to come.
(Adds details, comment from Governor Lowe)
SYDNEY, Feb 5 (Reuters) - Australia’s economy performed better than expected over the past year, but very significant monetary support will still be needed for some while yet, the country’s top central banker said on Friday.
The Reserve Bank of Australia (RBA) this week left its cash rate at a record low 0.1%, but surprised by extending its quantitative easing programme by another A$100 billion ($76.01 billion) from mid-April.
Speaking before a parliamentary economics committee in Canberra, Governor Philip Lowe said these settings will need to be maintained until inflation reaches the RBA’s 2-3% target range.
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HONG KONG (Reuters) - Alibaba Group Holding Ltd’s $5 billion U.S.-dollar bond offering received demand for eight times the debt offered, underscoring global investors’ faith in founder Jack Ma’s e-commerce behemoth despite a regulatory crackdown on his empire.
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter
Pricing for the deal was set on Friday tighter than initially flagged by the company on Thursday, indicating robust demand to buy the rare debt float. The latest international bond offering is Alibaba’s third, according to data from Refinitiv.