2343 GMT - The rise in long bond expectations has ended a short-term trade where investors rotated into infrastructure stocks, viewing them as a safer bet than other assets. RBC Capital Markets says market concerns now reflect global macro uncertainty and longer-term inflation concerns. It notes the U.S. 10-year Treasury yield is above 5% for the first time since 2007. As a result, infrastructure stock valuations have begun to fall. RBC moves to reset its yield forecasts, driving cuts to price targets for six infrastructure stocks in Australia and New Zealand. They include a 20% fall in RBC's price target for Atlas Arteria to A$3.60/share, and a 13% decline for Infratil to NZ$13.75/share. Atlas Arteria ended Wednesday at A$3.95. Infratil is down 2.1% at NZ$13.86 early on Thursday.