Bonds News

Ten-year JGB yield hits one-month high as U.S. yields climb

TOKYO, Aug 11 (Reuters) - Japanese government bond yields tracked U.S. Treasury yields higher on Wednesday, with that of the benchmark 10-year JGB jumping to a one-month high.

The 10-year yield advanced as much as 1.5 basis points to 0.035%, a level not seen since July 6, before ending the day at 0.030%.

Similar-dated Treasury yields rose as high as 1.3620% in Tokyo trading for the first time since July 14, after the U.S. Senate passed a $1 trillion infrastructure bill and opened debate on a $3.5 trillion spending plan.

Benchmark 10-year JGB futures fell 0.10 point to 152.04, with a trading volume of 17,053 lots.

The 20- and 30-year JGB yields each rose 1 basis point to 0.410% and 0.650%, respectively.

An auction of 30-year securities went smoothly, but had little impact on the cash market.

The five-year yield rose 0.5 basis point to minus 0.120%.

The two-year JGB was not traded, but last yielded minus 0.135%.

Reporting by Tokyo markets team; Editing by Amy Caren Daniel