Utilities Down As Yields Rise On Powell Testimony - Utilities Roundup
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, firstname.lastname@example.org
(END) Dow Jones Newswires
February 27, 2018 16:42 ET (21:42 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.