Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Interest Rates

News : Interest Rates

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 

Utilities Down on Rates Views -- Utilities Roundup

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2018 | 10:43pm CEST

Shares of power-plant operators fell as investors fled the sector in light of recent increases in Treasury yields.

The SPDR Select Sector Utilities exchange-traded fund, which mirrors the performance of the Standard & Poor's 500 utilities sector, has fallen by more than 6% in the last month, as traders flee the sector considered the most adversely affected by higher interest rates. Utilities compete with the Treasurys market for the dollars of fixed-income investors while the utility corporations themselves often carry a relatively high level of debt, making higher rates something of a double whammy for the sector.

Berkshire Hathaway Energy said William Fehrman will become its new chief executive, replacing a potential Warren Buffett successor who was promoted to oversee more Berkshire Hathaway Inc. companies.

-Rob Curran, rob.curran@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Interest Rates"
05:16pHousehold Borrowing Reaches Record $13.3 Trillion as Rising Rates Have Yet to Bite
DJ
03:43pCorrection to 'Missed Bond Payment in Xinjiang Stirs Chinese Debt Fears'
DJ
01:05pMissed Bond Payment in Xinjiang Stirs Chinese Debt Fears
DJ
08/13Argentina's Central Bank Raises Interest Rates amid Emerging-Market Turmoil
DJ
08/13Lloyds bank to raise interest rates on some savings accounts
RE
08/10U.S. inflation pressures rise in July; Fed on track to lift rates
RE
08/10UK banks should raise savings rates as 'matter of trust' - MP
RE
08/09U.S. Government Bonds Jump on Soft Inflation Data
DJ
08/09Chinese Lending Rates Drop Steeply To Three-Year Lows
DJ
08/08Foreign funds pummelled by Turkish bond rout, but have yet to exit
RE
Latest news "Interest Rates"
Advertisement