GLOBAL MARKETS-Oil jumps on bullish inventory data, bonds rise

* Yen tumbles on higher demand for overseas assets

* U.S., euro zone bonds steadier after sell off

* Global stocks slip, but energy shares rise on oil

* Oil climbs near $65 on U.S.inventory data, OPEC

By Herbert Lash

NEW YORK, May 28 (Reuters) - Oil prices jumped to almost $65 a barrel on Thursday, lifted by bullish U.S. inventory data, while U.S. Treasury bonds recovered some ground a day after worries about a record $1.75 trillion budget deficit sparked a sell-off.

The euro rose against the U.S. dollar and the yen fell broadly as better-than-expected U.S. manufacturing data and a slide in jobless claims lured investors in the Japanse currency into overseas assets.

European shares fell and many U.S. stocks trended lower after April new home sales data and a downward revision to March's sales pointed to more weakness in the slumping U.S. housing market.

Bank-to-bank three-month dollar borrowing costs fell, but money markets remained strained and fears about counterparty risk were not far beneath the surface.