Utilities Down As Yields Rise On Powell Testimony - Utilities Roundup

02/27/18 04:42 PM EST

Shares of power-plant operators fell sharply as the yield on the 10-Year Treasury note tested recent highs above 2.9% in the wake of Federal Reserve Chairman Jerome Powell's testimony. The utility sector is particularly sensitive to moves in interest rates because power plant operators often carry a high debt load and compete with Treasury markets for the dollars of fixed-income investors.

--Rob Curran, rob.curran@dowjones.com


(END) Dow Jones Newswires

February 27, 2018 16:42 ET (21:42 GMT)

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