The Globe and Mail reports in its Friday edition that U.S. and Canadian stocks ended lower on Thursday after news that the Bank of Japan will allow long-term interest rates to rise sent bond yields higher, snapping the longest winning streak for the Dow since 1987. A Reuters dispatch to The Globe says that Japan's central bank will maintain its 0.5-per-cent cap for the 10-year government bond yield, but discuss allowing long-term interest rates to rise above that level by a certain degree. Higher rates in Japan -- which would increase the appeal of the country's debt to investors -- pushed the U.S. 10-year yield over 4 per cent and reduced the attractiveness of stocks. Canadian stock and credit markets largely tracked U.S. moves, which included sharp gains in bond yields across the curve. The five-year Canadian government bond yield reached 4.058 per cent, its highest in 16 years. Douglas Porter, BMO's chief economist, said in a note, "The back-up in five-year yields, along with recent BoC rate hikes, will throw a wet blanket on the nascent recovery in home sales and prices." Meanwhile, the U.S. economy grew faster than expected in the latest quarter. The S&P/TSX composite ended down 176.17 points at 20,385.47.