Utilities Down As Treasury Yields Rise -- Utilities Roundup

Shares of power producers fell as Treasury yields rose sharply.

The utilities sector had thrived for much of the five years as Treasury yields fell, spurring demand for the dividend-oriented stocks.

But investors are now preparing for a prolonged increase in interest rates as concerns shift from economic weakness to rising prices during the Covid recovery.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

03-03-21 1726ET