Global Market: Japan bond market sees steeper curve amid yield divergence

Japan's 10-year government bond yield fell 3 basis points to 2.675%, while shorter-term yields also declined following softer-than-expected US inflation data that eased rate hike expectations. In contrast, longer-dated JGB yields rose, with the 20-year yield up 4 basis points to 3.535% and the 30-year yield increasing 1.5 basis points to 3.750%, reflecting renewed concerns over Japan's fiscal outlook and potential pension fund allocation changes.