TOKYO, Aug 5 (Reuters) - Japanese government bond (JGB)

yields sank on Monday, after their U.S. peers slipped as a

softer-than-expected jobs report boosted recession fears and

bets that the Federal Reserve will aggressively cut interest

rates.

The 10-year JGB yield dropped as low as

0.785%, a level not seen since April 9, and was last down 13.5

basis points at 0.82%.

Benchmark 10-year JGB futures rose 1.68 yen to

145.48 yen, after jumping over 2 yen higher compared with the

previous session to trigger a temporary circuit breaker.

The drop in yields comes alongside another sharp slide in

Japanese equities. The Nikkei briefly fell over 7%

during morning trading.