Morningstar

Utilities Down as Treasury Yields Test Multiyear Highs — Utilities Roundup

Provided by Dow Jones Sep 18, 2026, 9:58:00 PM

Shares of power producers fell as Treasury yields tested multiyear highs.

The yield on the two-year Treasury note closed at the highest level since July 2024. Yields on 10-year and 30-year Treasurys closed on the brink of 19-year highs.

The utilities sector has been under pressure because it is exposed to bond yield changes on multiple fronts.

The SPDR Select Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, fell by almost 1.4% Friday and is now down roughly 5% for the year to date.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

September 18, 2026 17:58 ET (21:58 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.

Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.

Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.

Popular

The Smartest Moves for Bond Investors Today, and What to Do When You Have Too Many Investments

Ask the Analyst columnist Amy Arnott answers a grab bag of reader questions about bond ETFs, TIPS, retirement planning, and more.

Amy C. Arnott, CFA and Ivanna Hampton Oct 9, 2026

Undervalued by 15%, This Utilities Stock Could Be an Unexpected AI Winner

With a 3.3% dividend yield and earnings growth expected to exceed management’s outlook, this 4-star stock stands out in a struggling sector.

Andrew Bischof, CFA, CPA Oct 8, 2026

The Thrilling 37

Just a few strict screens can narrow the field to an elite group of funds.

Russel Kinnel Oct 8, 2026

The 10 Best and 10 Worst Months of All Time for the US Stock Market

Do common investor sayings about particular months being stronger or weaker for stocks have empirical backing, or is it all market mythology? Dan Lefkovitz uncovered some surprising truths about stock market performance by examining over 100 years of data.

Dan Lefkovitz Oct 7, 2026

3 Stocks to Sell and 3 Stocks to Buy for October

Plus, lessons from September’s stock market activity.

David Sekera, CFA and Susan Dziubinski Oct 5, 2026

Sponsor Center

Transparency is our policy. Learn how it impacts everything we do

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your personal data

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

Verify your identity, personalize the content you receive, or create and administer your account.
Provide specific products and services to you, such as portfolio management or data aggregation.
Develop and improve features of our offerings.
Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

How we approach editorial content

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

© Copyright 2026 Morningstar, Inc. All rights reserved. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.