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Japan’s 30-year government bond yield rose 0.5 basis points to 3.845%, extending the upward drift in long-end Japanese rates. The move is modest in isolation but keeps the super-long tenor near elevated levels, a focus for global duration and cross-market spillover risks. Watch whether the rise extends to the 20- and 40-year sectors and whether it reflects term-premium or policy expectations.

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Japan, 30-year government bonds