Wall Street slides on higher yields as Australian markets stay flat and Baltha creditors convene

U.S. equity indexes slipped after robust jobs growth lifted expectations for higher bond yields, with the S&P 500 down 0.4%, the Dow 0.5% and the Nasdaq 0.3%. Treasury yields on the 10‑year note rose to about 4.78%, narrowing the odds of a Federal Reserve rate hike this month. In Australia, ASX 200 futures were flat around 9,002 points, indicating little change for the local market. The Baltha Group, carrying $3.4 billion of debt, faced a creditors’ meeting that could affect its operations. Commodity prices moved modestly, with gold down 1% and Brent crude up 0.8%.