The 10-year Treasury yield can get to 3.5 percent with "no trouble at all" for stocks: JP Morgan Strategist

The 10-year treasury yield rose to 3.09 percent on Tuesday - the highest level since 2011 and looks set to rise further towards 3.5 percent, according to technical charts. 

However, equity will likely remain resilient contrary to widespread belief the rising yields could lead to risk aversion in the equities.