TOKYO, April 6 (Reuters) - Benchmark Japanese government
bond (JGB) yields rose to a fresh near-three-decade high on
Monday, as investors fretted about inflationary pressures from
the Middle East war while a strong U.S. jobs report reduced
expectations for an early rate cut.
The benchmark 10-year JGB yield rose 2 basis
points (bps) to 2.400%, the highest since February 1999. Yields
move inversely to bond prices.
U.S. President Donald Trump on Sunday ratcheted up pressure
on Iran, threatening in an expletive-laden Easter Sunday social
media post to target Iran's power plants and bridges on Tuesday
if the strategic Strait of Hormuz is not reopened, pushing oil
prices higher.
U.S. nonfarm payrolls grew more than expected last month and
the unemployment rate fell to 4.3%, data released on Friday
showed, bolstering expectations the Federal Reserve will keep
interest rates steady as it assesses growth, inflation and the
economic fallout from the war with Iran.
The five-year yield rose 2 bps to 1.815%.
Other tenors were yet to be traded as of 0022 GMT.