Asia stocks set to slip as US Treasury yields decline

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Stocks in Asia were set to trade lower on Friday as yields on longer duration U.S. Treasurys declined.

The yield on the 30-year Treasury bond declined to a record low on Thursday, while the yield on the benchmark 10-year Treasury note touched a three-year low.

Futures pointed to a lower open for Japanese stocks, with the Nikkei futures contract in Chicago at 20,355 and its counterpart in Osaka at 20,320. TheShares in Australia were also set to decline at the open, with SPI futures at 6,351.0, as compared to theInvestors will be watching for movements in the bond market, particularly in U.S. Treasurys. The yield on the, while the yield on the benchmark 10-year Treasury note touched a three-year low.

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