Japan's 20-year government bond yield slipped by 1.5 basis points today, settling at 2.895%. The modest decline reflects ongoing adjustments in the bond market as investors recalibrate their positions amid shifting monetary policy expectations. This move in long-term rates could signal subtle changes in risk sentiment across Asian markets, with potential downstream effects on liquidity flows into alternative assets. Worth noting: even small basis point movements in sovereign debt can ripple through global capital allocation strategies, especially as traditional finance and digital asset markets become increasingly intertwined.