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JGB five-year yield soars to 10-month high

Thu Jun 5, 2008 11:49pm EDT

TOKYO, June 6 (Reuters) - Five-year Japanese government bond yields hit a 10-month high on Friday, a day after the European Central Bank shocked markets by saying it may raise interest rates next month, hitting U.S. Treasuries and euro zone bonds.

Bonds

The five-year JGB yield jumped 12 basis points to 1.395 percent JP5YTN=JBTC, the highest since last August.

June 10-year JGB futures extended their losses, falling as low as 133.88 2JGBv1 for a drop of 1.35 points.



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