Japan's benchmark 10-year government bond yield scaled a 10-year peak on Thursday, pulled higher by the climb in U.S. yields to 16-year highs. Investors were also cautious ahead of the results of a two-year note auction later in the day, following a run of weak demand marring most of the finance ministry's sales over the past month and a half. The 10-year JGB yield JP10YTN=JBTC added 1.5 basis points (bps) to 0.75%, after spending a week bumping against 0.745%. Although the Bank of Japan now sets a de-facto ceiling for the 10-year yield following a surprise policy tweak in late July, the rise in the yield has been ... (full story)