JGB futures extend losses, hit seven-month low

TOKYO, May 14 (Reuters) - Japanese government bond futures extended losses to hit a seven-month low on Wednesday, hurt by an overnight fall in U.S. Treasuries, while traders sold government debt to hedge against Thursday's five-year auction.

June 10-year JGB futures dropped as much as 1.83 points on the day to 134.28, their lowest since mid-October before recovering a tad to 134.44 2JGBv1, down 1.67 points.

The benchmark 10-year yield jumped 11.5 basis points to a seven-month high of 1.695 percent JP10YTN=JBTC. (Reporting by Rika Otsuka)