SINGAPORE, April 1 (Reuters) - Japanese government bonds

took a breather on Tuesday following their sharpest jump in

eight months, as investors awaited the next round of tariff

announcements from the United States.

The benchmark 10-year Japanese government bond yield

rose 1.6 basis points to 1.51%, after falling 10 bps

over the previous two sessions, the steepest drop since August.

Ten- year futures fell about 20 ticks.

Bond yields move inversely to prices.

Investors have been bidding up gold, the yen and

safe-haven bonds on concerns that U.S. President Donald Trump's

threats of broad tariffs on U.S. trading partners later this

week will end up dampening U.S. and global growth.

Buying in the Japanese government bond market, however, has

been tempered by expectations that Japan's interest rates are

heading higher as the country emerges from years of deflation.

The 39.4 basis point rise in the 10-year yield over the

first quarter of 2025 was the highest quarterly rise for the

benchmark yield since the third quarter of 2003.

Yields across several tenors had hit 17-year highs only last

week and about 30 bps of rate hikes are priced for this year - a

stark contrast to other developed markets, where cuts are

expected.

The five-year yield held steady at 1.1% and at

the long end of the curve, the 20-year yield held at

2.23% and 30-year yield was 1.5 bps higher at 2.535%.

(Reporting by Tom Westbrook; Editing by Varun H K)