JGB futures surge to 5-yr high, up more than point

TOKYO, March 17 (Reuters) - Japanese government bond futures struck a five-year high on Monday, surging more than a full point as the takeover of Bear Stearns and Federal Reserve's latest emergency measures rattled investors drove Tokyo shares down more than 4 percent. [ID:nN16640873]

June 10-year futures jumped 1.16 point to 141.43 2JGBv1, the highest since August 2003. Traders said the gains in JGBs were almost entirely driven by the big move in futures. (Reporting by Eric Burroughs; Editing by Rodney Joyce)