Morgan Stanley names the global stocks set to be 'disadvantaged' from rising yields

The U.S. Federal Reserve struck a hawkish tone at its latest meeting and Treasurys have risen to multi-year highs . According to Morgan Stanley, those conditions could put certain stocks in Asian and emerging markets at a disadvantage. The U.S. 10-year real yield recently rose above 2.1% — the highest level since 2006-2007 — and that "could put pressure on valuations of stocks with long duration exposures," the bank's strategists wrote in a Sept. 22 note.

Stocks with 'longest duration exposure' The bank ran a screen of Asian and emerging market MSCI index constituents that meet the following criteria: 1) lower free cash flow yield than their peers; 2) higher financial leverage than their peers; 3) categorized by the bank as growth and low-quality stocks; and 4) a market capitalization of over $5 billion. Here are some of the stocks with the "longest duration exposure.

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