Utilities Down on Rising Treasury Yields - Utilities Roundup
Shares of power-plant operators fell as Treasury yields rose. The yield on the 10-Year Treasury note neared recent highs around 2.9% as investors shrugged off tariff fears and reacted to strong economic data. The Utilities Select Sector SPDR exchange-traded fund, which tracks the price of the utilities component of the Standard & Poor's 500, is now down by more than 10% from its peak in November and only about 5% above its February lows.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
March 07, 2018 17:26 ET (22:26 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.