JGB futures fall half point on profit-taking

TOKYO, April 1 (Reuters) - Japanese government bond futures fell a half point on Tuesday at the start of Japan's new fiscal year as investors took profits on a sharp rally in the past few months.

Dealers also sold bonds to hedge against Tuesday's 10-year debt auction.

June futures fell 0.50 point on the day to 140.02 2JGBv1.

The benchmark 10-year yield rose 3.5 basis points to 1.310 percent <JP10YTN=JBTC>, moving away from a three-year low of 1.215 percent struck last week.

(Reporting by Rika Otsuka)