SYDNEY, March 11 (Reuters) - Yields on Japanese government bonds (JGB) mostly edged lower on Wednesday, tracking overnight moves in U.S. Treasuries, on hopes that governments and central banks would take steps to reboot economies affected by the global spread of coronavirus.
Benchmark 10-year JGB futures rose 0.23 point to 154.62, with a trading volume of 48,640 lots.
The 10-year cash JGB yield fell 2 basis points to minus 0.070%.
In the super-long zone, the 20-year and the 30-year JGB yields lost half a basis point each to 0.210% and 0.295%, respectively. The longest 40-year yield dropped one basis point to 0.300%.
At the shorter end of the market, the five-year JGB yield fell half a basis point to minus 0.210%, while the two-year yield bucked the trend and gained one basis point to minus 0.240%.
U.S. Treasury yields rose from all-time lows on Tuesday, with the key 10-year note yield closing at 0.752%, more than double Monday’s record low yield of 0.318%. (Reporting by the Tokyo markets team; Editing by Jacqueline Wong)