TOKYO, Feb 3 (Reuters) - Medium- and long-term Japanese

government bond (JGB) yields climbed to their highest in over a

decade on Monday as market players weighed U.S. tariffs on

Mexico, Canada and China, and their potential impact on the

global economy.

The 10-year JGB yield rose to its highest

since April 2011 at 1.26% in early trade before sliding to

1.235% by 0034 GMT, while 10-year JGB futures were up

0.19 points at 140.86 yen.

The two-year JGB yield ticked up to 0.735%, a

level last seen in October 2008, and was last down 0.5 basis

point (bp) at 0.725%.

The five-year yield rose 1 bp to 0.915%, its

highest since November 2008.

Elsewhere, U.S. Treasury futures slipped and traders lowered

expectations for U.S. interest rate cuts, figuring tariffs on

the country's top trading partners risked stoking inflation.

(Reporting by Brigid Riley; Editing by Subhranshu Sahu)