Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Utilities Down As Rising Treasury Yields Weigh -- Utilities Roundup

02/26/2021 | 05:43pm EDT

Shares of power producers fell sharply as rising Treasury yields weighed on the sector.

Utilities are often seen as an alternative to Treasurys by fixed-income investors, who will toggle back and forth based on the comparison of yields. This week there was a "jolt" higher in the 10-year Treasury yield, which closed at its highest level since the onset of the pandemic, noted Quincy Krosby, chief market strategist at Prudential Financial.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

02-26-21 1742ET

Latest news "Economy & Forex"
03:36pCanadian dollar strengthens as oil surges nearly 5%
RE
03:36pUk will support an orderly departure of forces from afghanistan whilst building up its capacity for self-governance - foreign secretary raab
RE
03:35pWorld stocks soar to fresh peaks, dollar slips
RE
03:35pDollar at three-week lows as Treasury yields subdued
RE
03:25pInvestors on death of notorious Wall Street scammer Bernie Madoff
RE
03:24pWells Fargo starts to emerge from sales scandal as first-quarter profit jumps
RE
03:15pWORLD BANK† : Policy Research Working Paper series publication roundup for the weeks of March 29 and April 5
PU
03:11pMore than 100 companies sign letter opposing U.S. state voting restrictions
RE
03:08pOil climbs nearly 5% on signs of increasing crude demand
RE
03:07pRepublicans want to yank baseball's antitrust immunity after MLB reaction to Georgia voting law
RE
Latest news "Economy & Forex"