JGB 10-year bond yield jumps to near 3-year high tracking U.S. Treasuries on better-than-expected jobs data

The Japanese 10-year government bond yield jumped to near 3-year high during late Asian session Thursday tracking a similar movement in the United States Treasuries, following a better-than-expected set of economic data released late yesterday.

The yield on the benchmark 10-year JGB note, which moves inversely to its price, jumped 2 basis point to 0.160 percent, the yield on the long-term 30-year note surged 3-1/2 basis points to 0.953 percent and the yield on short-term 2-year traded 1/2 basis point higher at -0.108 percent by 05:30GMT.

The yield on the 10-year Treasury note hit its highest level since July 2011 and the yield on the 30-year Treasury bond hit its highest level since October 2014 on Wednesday after new data fostered views of a booming economy.

Private companies added 230,000 more positions in September, according to ADP and Moody's Analytics, the best gain since February and well ahead of the 168,000 jobs added in August.

Further, the U.S. ISM non-manufacturing index rose to 61.6 last month, its highest level since the index was created in 2008. Economists polled by Refinitiv projected the index to hit 58 last month.

Meanwhile, the Nikkei 225 index closed 0.56 percent lower at 23,975.62 by 05:40GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at -10.64 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex