TOKYO, June 9 (Reuters) - Japanese government bond

yields rose on Monday, buoyed by an advance for U.S. Treasury

yields after resilient labour market data on Friday saw traders

pare back bets for a near-term Federal Reserve interest rate

cut.

The 10-year JGB yield rose 1.5 basis points

(bps) to 1.470% as of 0515 GMT.

The two-year JGB yield also added 1.5 bps to

0.775%, while the five-year yield climbed 2 bps to

1.030%.

That's after 10-year Treasury yields jumped 11.5

bps on Friday as a rise in non-farm payrolls for May and gains

for wages topped economist estimates. Traders now see 63% odds

of a Fed cut by September, down from 74% before the jobs data.

Benchmark 10-year JGB futures fell 0.18 yen to

139.17 yen. Yields rise when bond prices fall.

The 20-year JGB yield added 2.5 bps to

2.355%, and 30-year yield advanced 3.5 bps to

2.910%.

For those super-long bonds, yields remained a long way from

last month's peaks: a quarter-century high of 2.600% for 20-year

JGBs and a record 3.185% for 30-year JGBs.

Investors shied away from the longest-dated securities amid

growing angst about developed-nation deficits, including in

Japan, which were later exacerbated by poor results at

super-long JGB auctions.

However, a turning point for the market came when Japan's

finance ministry pledged to examine reduced issuance of

super-long debt, according to Yunosuke Ikeda, chief macro

strategist at Nomura.

Now, in the event of a poor JGB auction, investors still buy

the bonds in the belief that the finance ministry will pare

issuance by even more.

"A kind of built-in stabilization system is at work," Ikeda

said.

"In that sense, we can say the worst period is over."