New Delhi, Aug. 30 -- US equities could prove more resilient to higher interest rates than historical comparisons suggest, with economic growth, healthy household and corporate balance sheets and the rising dominance of globally diversified technology companies providing support, Emkay Global said in a research report.

The brokerage remains relatively constructive on equities despite renewed pressure on long-term Treasury yields, arguing that bond-market volatility rather than the absolute level of yields is the bigger risk.

Markets have increasingly focused on the possibility that a US 10-year Treasury yield above 5 per cent to 5.25 per cent could trigger a sustained equity sell-off. Emkay, however, said there are limited historical pa...