Longer-dated JGBs track U.S. Treasuries lower

TOKYO, Aug 22 (Reuters) - Prices of longer-dated Japanese government bonds (JGBs) dipped on Thursday, tracking an overnight retreat by their U.S. counterparts, although the market was confined to a narrow range ahead of a central bankers' meet at Jackson Hole this weekend.

The 30-year JGB yield rose half a basis point to 0.185% and the 20-year yield nudged up half a basis point to 0.085%.

An auction designed to provide the market with extra liquidity attracted ample demand on Thursday.

The bid-to-cover ratio, a gauge of demand, at the so-called liquidity enhancing auction rose to 2.87 from 2.77 at the previous sale.

The finance ministry offered 600 billion yen ($5.64 billion)of JGBs with remaining maturities of five to 15.5 years at Thursday's auction.

($1 = 106.3000 yen) (Reporting by the Tokyo markets team, Editing by Sherry Jacob-Phillips)

2019-08-22 08:36:08

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.