Following are some of the highlights of their predictions for U.S. Treasuries, German Bunds and Japanese Government Bonds (JGBs).

- Just over half the respondents, 21 of 40, said the sell-off in major sovereign bond markets would last at least another three months.

- Asked what spread the European Central Bank, which is currently developing a policy tool to control the gap between German Bunds and select euro zone country yields, will no longer tolerate to Italian 10-year debt, strategists offered a median of 250-275 basis points. That spread is currently around 200 basis points.

- Over two-thirds of the respondents, 13 of 19, to a follow-up question said that level would be reached in the next six months.

Reuters Poll - Bond yield outlook

- German 10-year Bund yields are expected to rise to 1.75% in a year, up from Friday's 1.20%. That is still well below this year's high of 1.926% hit just after ECB policymakers called for an emergency meeting on June 15 to discuss spreads.

- Only a minority of the respondents, 11 of 40, forecast 10-year yields on German Bunds to breach this year's high in 12 months, despite expectations for a succession of ECB interest hikes starting in July, bringing the deposit rate substantially higher by year-end.[ECILT/EU]

Reuters Poll - Major bond yields outlook https://fingfx.thomsonreuters.com/gfx/polling/lbpgnxxmdvq/Reuters%20Poll%20-%20Major%20bond%20yield%20outlook.png

- The German two-year Bund yield was predicted to trade at 1.50% in a year, more than 100 basis points higher than its level on Friday. If realized, that would be the highest since 2011.

- The yield on the 10-year U.S. Treasury note is forecast to rise to 3.20% in a year, compared with around 2.80% on Friday.

- Fifteen of 61 respondents predicted the U.S. 10-year Treasury yield to trade at a level above this year's high of 3.498% in 12 months.

- The 2-year T-note is forecast to yield 3.40%, with 14 of 33 respondents expecting it to trade at a level above this year's high of 3.456% in 12 months.

- The 2-10 year yield spread is forecast at minus 20 basis points in a year, the lowest in over a decade and the first inversion predicted since Reuters started polling on bond yields in June 2002.

Reuters poll - U.S. Treasury yield outlook https://fingfx.thomsonreuters.com/gfx/polling/lgpdwbbqbvo/Reuters%20poll%20-%20U.S.%20Treasury%20yield%20outlook.PNG

- JGB yield forecasts hardly show any change from the current level over the coming year, indicating the Bank of Japan will continue its policy divergence with its peers.

- Still, nearly one-half, 10 of 22, expect the 10-year JGB yield to breach the BOJ's 25 basis point yield cap in a year. Two analysts expect it to reach 0.40% or higher.

Reuters Poll - JGB yield outlook https://fingfx.thomsonreuters.com/gfx/polling/egvbkggbxpq/Reuters%20Poll-%20JGB%20yield%20outlook.PNG

(Reporting by Indradip Ghosh and Vivek Mishra; Polling by Sarupya Ganguly, Prerana Bhat and Swathi Nair; Editing by Jonathan Cable and Vinay Dwivedi)