New Delhi: Asset classes across emerging markets took a dive on Wednesday with stocks and currencies hitting multi-month lows pressured by an ongoing rout in global bond markets (30-year yields touching 5 per cent for the first time since 2007), said Deepak Jasani, Head of Retail Research at HDFC Securities. USbond yields reach 16-year highs, challenging equity valuations and souring appetite for risk assets as investors bet interest rates will remain persistently high, he said. In response to worries raised by an unexpected spike in the US job vacancies report, Indian markets fell by roughly 0.47 per cent, reaching a five-week low, said Vaibhav Vidwani, Research Analyst at Bonanza Portfoli
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