Treasury yield is grabbing the lion’s share of attention right now when it comes to signaling how the U.S. fiscal outlook is rattling investors. Yet there’s another less-talked-about factor weighing on sentiment that is coming from overseas: the tumultuous rise in the bond yields of Japan.

Japanese government bonds recovered slightly on Friday, after a volatile week that saw fiscal and inflation concerns drive super-long yields to record highs.

After a week of rapid increases, yields on Japan’s 30- and 40-year government bonds dropped more than 10 basis points in late trading on Friday.