JGB 10-year yield hits 7-½ month low

TOKYO, Dec 2 (Reuters) - Japanese government bond 10-year yields fell to their lowest levels in 7-½ months, as JGBs extended their gains after an auction of 10-year bonds drew solid demand. The 296th 10-year JGB yield fell 5.5 basis points at one point to a low of 1.345 percent JP10YTN=JBTC, the lowest level for 10-year JGB yields since mid-April.

December 10-year JGB futures rose as high as 139.90 2JGBv1, up 0.51 point from the previous day. (Reporting by Masayuki Kitano)