Stocks Fall, Us Yields Near 8-month Highs Ahead Of Jobs Data

Wall Street futures fell in Asia and Treasury yields held near eight-month highs on Friday as investors counted down to a US jobs report that could exacerbate or ease the sell-off in the global bond market.

Nasdaq futures NQc1 dropped 0.6 while S P 500 futures ESc1 were down 0.5. Wall Street was closed overnight to mark the funeral of former US President Jimmy Carter.

Japans Nikkei .N225 fell 0.8, adding to its weekly losses to 1.5 MSCIs broadest index of Asia-Pacific shares outside Japan was flat but headed for a weekly decline of 0.7.

Chinas blue-chips slipped 0.1, but Hong Kongs Hang Seng rose 0.5.

Chinese government bond yields climbed after the central bank said it has decided to suspend treasury bond purchases temporarily due to short supply of the bonds.