Japan's 20-year government bond yield just ticked up to 2.905%, climbing 1.5 basis points. This uptick in bond yields signals shifting expectations around monetary policy and borrowing costs. For those watching macro trends, rising yields in developed markets often correlate with tightening liquidity conditions—something that tends to ripple through risk assets, including crypto. Worth keeping an eye on whether this trajectory continues, as it could influence capital flows and investor sentiment across the board.