Yields on 10-year JGBs hit near 1-year high as U.S. yields rise
TOKYO, Feb 17 (Reuters) – Yields on benchmark 10-year Japanese government bonds rose to their highest level in almost a year, as global bond yields soared on hopes of a large U.S. fiscal stimulus package and rising inflation expectations.
The 10-year JGB yield rose two basis points to 0.095%, the highest since March.
Yields for bonds with other maturities also rose, with the 20-year JGB yield gaining one basis point to 0.485% and the 30-year JGB yield up one basis point to 0.685%.
The two-year JGB yield also rose one basis point to minus 0.120%.
The five-year yield rose two basis points to minus 0.080%.
The 40-year JGB yield rose one basis point to 0.725%.
Benchmark 10-year JGB futures fell 0.28 point to 151.23, with a trading volume of 40,968 lots.
Benchmark 10-year U.S. Treasury yields rose to their highest since Feb. 27 last year during Asia trading hours.
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