GLOBAL MARKETS-Stocks slide as higher-for-longer sinks in; yen drops on BOJ

Stocks eyed their worst week in a month on Friday and Treasuries hit decade lows as investors hunkered down for U.S. interest rates to stay high for some time, while the yen was pinned near an 11-month trough after the Bank of Japan left short-term rates below zero. Benchmark 10-year U.S. Treasury yields hit a 16-year high of 4.508% in Tokyo. super-low interest rates and left its outlook and yield control policy unchanged to signal it was in no hurry to end massive stimulus.