TOKYO, April 30 (Reuters) - Benchmark Japanese
government bond (JGB) yields rose to a 29-year high on Thursday
after the Federal Reserve signalled growing concerns about
inflation, while a stalemate in U.S.-Iran peace talks pushed oil
prices higher.
The benchmark 10-year JGB yield rose 4 basis
points (bps) to 2.500%, the highest since June 1997. The
five-year yield rose 3 bps to 1.885%. Yields move
inversely to bond prices.
Although the Fed kept interest rates steady, three policymakers
dissented from the central bank's statement, reflecting a
deepening split over whether it should continue signalling a
bias toward lower borrowing costs. U.S. Treasury yields rose to
a one-month high after the release of the policy statement.
Oil prices surged over 6% on Wednesday to settle at their
highest in weeks, with deadlocked U.S.-Iran negotiations making
investors more concerned about a prolonged disruption to Middle
Eastern energy supplies.