Global Markets Decline as Treasury Yields Climb and Investors Worry About Economic Growth

U.S. stock markets ended lower on Thursday as Treasury yields climbed, with the 10-year note reaching a 16-year high.

Asian markets including Japan's Nikkei, Australia's S&P/ASX, China's Shanghai Composite, and Hong Kong's Hang Seng all declined on Friday.

European markets including the STOXX 600, Germany's DAX, France's CAC, and UK's FTSE were trading lower Friday morning.

Commodity prices were mixed, with crude oil and gold trading higher while natural gas and copper declined.

U.S. futures pointed to a lower open, with the Dow, S&P 500, and Nasdaq 100 futures all down in early trading.