October 9, 2018 / 7:11 AM / 7 months ago

JGBs edge lower as 10-year Treasury yield marks 7-1/2-year high

TOKYO, Oct 9 (Reuters) - Japanese government bond prices slipped on Tuesday as U.S. Treasuries extended their falls with the yield on the 10-year note rising to its highest since May 2011.

The price of 10-year JGB futures fell 0.08 point to 150.01, with a trading volume of 14,745 lots.

The 10-year JGB yield rose 1 basis point to 0.155 percent, a level that had not been visited for more than 2-1/2 years until last Thursday.

Super-long JGB yields also rose, with the 20-year yield 1 basis point higher at 0.945 percent, while the 30-year and 40-year yields rose half a basis point each to 0.945 percent and 1.105 percent, respectively.

The 10-year Treasury note yield stretched its weekend spike and touched 3.256 percent, its highest since May 2011, on Tuesday.

Treasury yields have been rising sharply since last week as strong U.S. data fuelled expectations of accelerating inflation and a potentially faster pace of rate increases by the Federal Reserve. (Reporting by the Tokyo markets team; Editing by Subhranshu Sahu)

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