Utilities Down as Bond Yields Rise -- Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators fell as bond yields ticked up. Utilities are seen as a close "bond proxy" on the stock market, as they stand to gain from falling bond yields and to suffer should bond yields resume their rise. A Texas natural gas-fueled power plant developed by private-equity firm Panda Power Funds filed for bankruptcy protection on Monday, planning to hand ownership of the facility to bank lenders.

Continue Reading Below

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

April 19, 2017 16:58 ET (20:58 GMT)