Japan's 40-year government bond yield dipped 2 basis points to settle at 3.975%, signaling a pullback in long-term borrowing costs. This shift reflects broader moves across the fixed income space as investors recalibrate their risk stance. For crypto participants, JGB dynamics matter—they're a barometer of global monetary conditions and can ripple through digital asset valuations. When traditional bonds become more attractive or rates stabilize at lower levels, it often reshapes portfolio allocation decisions. Keep tabs on these yields; they're part of the macro backdrop that moves markets across asset classes.