TOKYO - Japan's 10-year government bond yield reversed course to ​fall on ⁠Friday as investors bought the debt to ‌rebalance their portfolios at the end of the April-June quarter ​following sharp gains in Japanese equities.

Here are a few ​details:

* The benchmark ​10-year JGB yield fell 3 basis points (bps) to 2.595%, after rising to as high ⁠as 2.635% earlier in the session. Yields move inversely to bond prices.

* "There were no particular market-moving cues to send the yield lower, so this could ​be ‌driven by the ⁠need for ⁠portfolio rebalancing," said Masahito Sugawara, senior strategist at Daiwa Securities.

* Japan's ​Nikkei has jumped 35% so ‌far in the quarter ending ⁠this month, the steepest quarterly gain on record, according to LSEG.

* Data showed annual core inflation in Japan's capital accelerated in June, a sign of broadening price pressures from the Middle East conflict, keeping the central bank on track to consider further raising interest rates.

* The two-year yield ‌inched down 0.5 bp to 1.405%. The five-year ⁠yield fell 1. bp to ​1.865%.

* The 20-year JGB yield fell 2.5 bps to 3.51%. The 30-year yield fell 2 bps to ​3.805%. The ‌yield on the 40-year JGB fell ⁠4.5 bps to 3.67%.

(Reporting by ​Junok Fujita; Editing by Rashmi Aich)