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Japanese government bonds just ticked higher. The 40-year JGB yield climbed 4 basis points, now sitting at 3.705%.
Not a massive swing, but worth noting — rising yields typically signal shifting risk appetite in traditional markets. When long-dated bonds sell off like this, it often reflects changing expectations around inflation or central bank policy.
For anyone watching macro trends, these moves in sovereign debt markets can ripple through to crypto and other risk assets. JGB yields don't exist in a vacuum.