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Can you put it on the scales, please? mentat himalaya hindi Another plus. For most emerging markets, the big fear is rising U.S. Treasury yields as the Fed starts to cut off liquidity. But BofA has compiled a list of 30 companies in emerging Europe, Middle east and Africa whose shares are positively correlated with Treasury yields — in other words, companies that benefit most from a recovering U.S. economy. Fifteen of the companies on that list are in Russia and that’s why, Harris points out, Russian equities tend to outperform following a spike in U.S. yields.  His graphic above is a good illustration.