October 4, 2018 / 12:56 AM / 13 days ago

JGB 30-yr yield at highest since Feb 2016 following surge in Treasury yields

TOKYO, Oct 4 (Reuters) - The yield on 30-year Japanese government bonds rose to its highest since February 2016 on Thursday, pulled higher as U.S. Treasury yields spiked to seven-year peaks.

The 30-year JGB yield was up 2 basis points at 0.935 percent , a level unseen since February 2016. The benchmark 10-year yield climbed 1.5 basis points to 0.150 percent, its highest since February 2017.

The 10-year Treasury yield reached a seven-year high of 3.2 percent after Wednesday’s upbeat U.S. economic data bolstered the case for the Federal Reserve to raise interest rates again in December and beyond.

Reporting by the Tokyo markets team

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