Utilities Down on Rising Treasury Yields - Utilities Roundup

03/07/18 05:26 PM EST

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, rob.curran@dowjones.com


(END) Dow Jones Newswires

March 07, 2018 17:26 ET (22:26 GMT)

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