Japan 10-year gov't bond yield jumps to 2.1%, highest since 1999

TOKYO - The yield on Japan's benchmark 10-year government bond surged and hit 2.100 percent on Monday, its highest level since February 1999, lifted by prospects of the Bank of Japan continuing to raise interest rates.

The barometer of long-term interest rates kept climbing sharply after surpassing 2.000 percent on Friday, following the central bank's decision to lift its policy rate to a 30-year high of around 0.75 percent.