We sort through the multitude of issues surrounding these stocks.
Final environmental regulations give utilities near-term certainty but no comfort.
Regulated utilities could be hit hard by inflation, while diversified firms have long-term value that the market refuses to recognize.
Widening investment-grade credit spreads and rising interest rates lead to losses.
Rising interest rates have taken their toll, but as the Fed delays dialing back on stimulus, investors are poised to recapture some of their losses.
Get our sector-by-sector take on the bond market, plus our five best bond ideas.