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TOKYO, Sept 4 (Reuters) - Japanese government bond prices climbed on Wednesday, with the benchmark 10-year yield touching a level just shy of an all-time low hit in 2016 after U.S. Treasury yields dropped overnight as poor economic data stoked global recession fears.
Prices of benchmark 10-year JGB futures rose as much as 0.16 point to 155.38, hitting a record high.
The 10-year JGB yield fell half a basis point to minus 0.285%, hovering around a record low of minus 0.30% hit in 2016.
The 20-year JGB yield stood flat at 0.035%, the 30-year yield was unchanged at 0.115%, while the 40-year yield dropped half a basis point to 0.125%.
On Tuesday, U.S. benchmark 10-year yield hit its lowest since July 2016, after the U.S. manufacturing data showed the first contraction since 2016 on worries about a weakening global economy and U.S.-China trade tensions. (Reporting by Tokyo Markets Team; Editing by Sherry Jacob-Phillips)