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
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
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