TOKYO, May 9 (Reuters) - Japan's 10-year government bond

yield hit near a one-month high as optimism on global trade

talks lifted appetite for risk-friendly assets, and prompted

investors to sell safe-haven bonds.

The 10-year yield rose to 1.365%, its highest

since April 15, and was last up 4 basis points (bps) at 1.36%.

U.S. Treasury yields touched multi-week highs overnight, as

a trade deal between the United States and Britain spurred

optimism that similar agreements will be struck with other

countries in the coming weeks and months.

Financial markets are now awaiting the outcome of

preliminary U.S.-China trade talks due to begin on Saturday in

Switzerland.

"The fate of those talks is still uncertain, but if there

are more agreements between the U.S. and other nations, the Bank

of Japan may alter its outlook for the economy," said Naoya

Hasegawa, chief bond strategist at Okasan Securities.

"And that could revive the expectations for the BOJ's rate

hikes," he said.

Earlier this month, the BOJ kept interest rates steady and

sharply cut its growth forecasts, signalling uncertainty

surrounding U.S. President Donald Trump's sweeping tariffs could

delay the central bank's rate hike cycle.

Japan's Nikkei rose to a more than one-month high on Friday,

while the Topix index was set for its longest winning streak in

more than six years.

Yields on Japanese government bonds rose across the curve.

The two-year yield 1.5 bps to 0.63% and the

five-year yield rose 2 bps to 0.880%.

The 20-year JGB yield rose 4 bps to

2.34%.

The 30-year yield rose 2 bps to 2.895%, its

highest since August 2004.

The 40-year yield rose 2.5 bps to 3.355%.

(Reporting by Junko Fujita; Editing by Varun H K)