Utilities Up as Yields Fall -- Utilities Roundup
Shares of power-plant operators rose after the yield on the 10-Year Treasury note retreated from a four-year high. Joe Kinahan, chief market strategist at brokerage TD Ameritrade, said market jitters about the long-anticipated rise in rates were irrational because the increase isn't likely to have a major effect on corporate activity. Should the rate rise above 3% from its current level around 2.9%, however, it would bear watching, said Mr. Kinahan.
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(END) Dow Jones Newswires
February 22, 2018 16:56 ET (21:56 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.