U.S. bonds steadier after sell off
Dollar set for fifth winning week, bitcoin falls
Investors wait for Fed steer from Jackson Hole
Japan core inflation eases, unlikely to move BOJ

LONDON, Aug 18 Reuters Global shares were stuck around twomonth lows on Friday, capping a week when bond investors became more convinced that interest rates will remain high for longer than initially thought, sending U.S. yields to near 16year peaks.

Wall Street was headed for a weaker start, with little in the way of economic data for markets to digest, though Thursday39;s sell off in U.S. government bonds paused on Friday before the opening bell for U.S. stocks.

SP 500 futures and Nasdaq futures were down by 0.5 to 0.8

The US calendar is empty today and the focus will likely be on bond market dynamics after backend yields touched fresh multiyear highs yesterday, ING bank analysts said.

The greenback was set for a fifth consecutive week of gains, its longest winning streak for 15 months, helped by the prospect of U.S. interest rates remaining high or rising even further, and a safe haven in the face of growing risks in China.

Crude oil was set to snap a sevenweek winning streak as China39;s slowing economic growth clouded the picture for demand. The sour mood in markets extended to cryptoassets, with bitcoin hitting a fresh two month low.

Jason Da Silva, director, global investment strategy at Arbuthnot Latham, said stock markets were paying the price for bond yields soaring as…