TOKYO, Feb 3 (Reuters) - Japanese government bond yields

rose on Tuesday as risk-on sentiment took hold after a slump in

commodities prices paused and stocks jumped.

The benchmark 10-year JGB yield climbed 2.5

basis points (bps) ‌to 2.255%.

The two-year yield rose 2 bps to 1.28%, its

highest since May 1996.

Gold ​and Asian stocks rebounded on Tuesday as wild swings ‍in

metals markets in recent days gave way ⁠to greater stability ⁠and

Japan's Nikkei jumped 4% to a record high.

Strategists said demand at a ‌10-year JGB auction held on

Tuesday ​was moderately firm despite concerns around worsening

fiscal health ahead of the national election on the coming

weekend.

Japanese ⁠media have reported Prime Minister ‍Sanae ​Takaichi's

party is likely to score a landslide victory in the lower house

election, heightening the chance the country will ‍continue to

pursue big spending and tax cuts.

"The media reports about the election outcome are within our

expectations, but what worries us more is ill-considered remarks

from Takaichi," said Katsutoshi Inadome, a senior strategist at

Sumitomo Mitsui Trust Asset Management.

Takaichi on ​Saturday ‍cited some benefits of a weaker yen, in

stark contrast to her finance ministry's threats to intervene to

support the ​battered currency.

Her comments sent the JGB yields higher on Monday as a

weaker yen would be likely to raise import costs and drive

inflation, pressuring the Bank of Japan to raise interest rates.

"If she repeats these kinds of remarks, that would become an

upward pressure ​on yields," Inadome said.

Yields on super-long dated bonds fell, with the 30-year

yield slipping 1 bp to 3.63%. The yield on the

40-year JGB fell 1.5 ‍bps to 3.915%.