TOKYO, Aug 19 (Reuters) - Japanese government bond yieldsedged up on Monday, moving further away from three-year lows hitlate last week, as hopes of fresh stimulus measures from majoreconomies soothed some of the recent global recessionary fearsthat crept up among investors.
The benchmark 10-year JGB yield rose onebasis point to minus 0.230%. On Friday, it had briefly droppedto minus 0.255%, its lowest since July 2016.
The 20-year JGB yield gained 1.5 basis pointsto 0.095%, while the 30-year JGB yield was up 2.5basis points at 0.205%, both pulling back from their three-yearlows reached Thursday.
On Friday, Der Spiegel magazine reported that Germany'scoalition government was prepared to set aside its balancedbudget rule in order to take on new debt and launch stimulussteps to counter a possible recession.
In addition, China's central bank unveiled a key interestrate reform on Saturday, in a move viewed as a guided rate cut,to help steer borrowing costs lower for companies and support aslowing economy that has been hurt by a trade war with theUnited States.
Those stimulus hopes helped both JGB yields and U.S.Treasury yields rise on Monday from multi-year lows.
Key 10-year JGB futures dropped 0.02 point to154.83, with a trading volume of 15,686 lots by late afternoontrade.(Reporting by the Tokyo markets team; Editing by Rashmi Aich)