Utilities Down As Treasury Yields Rise — Utilities Roundup

1 min read
Utilities Down As Treasury Yields Rise -- Utilities Roundup

Shares of power producers fell as higher Treasury yields drew fixed-income investors out of the sector.

The steady rise in Treasury yields in recent weeks has weighed on a sector that investors look to as an alternative to Treasurys.

Cold snaps in much of the U.S. later in January are set to drive higher home-heating and electric-power consumption.

 Write to Rob Curran at [email protected] 

(END) Dow Jones Newswires

01-11-21 1756ET