Japan's 10-year government bond yield rises to three-decade peak

TOKYO, Aug 18 : Japan's benchmark 10-year government bond yield climbed to a three-decade high on Tuesday, driven by rising overseas bond yields and speculation about a near-term Bank of Japan interest-rate increase.The 10-year JGB yield added 2.5 basis points to 2.945 per cent early in the trading day, the highest level since September 1996. Other cash bonds had yet to trade as of 0000 GMT.Yields rise when bond prices fall.Benchmark 10-year JGB futures declined 0.19 yen to 125.97 yen. Bond yields have risen globally as inflation worries have intensified with oil prices climbing while peace talks in the Middle East remain at a stalemate.Meanwhile, expectations have been mounting for the BOJ to raise rates at its next policy meeting in September. Comments from central bank officials have tu