Utilities Lower as Bond Yields Rise -- Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators fell as bond yields rose for a second straight session.

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The plunge in Treasury yields in recent weeks related to political and military risks caused an influx of investors to the utility sector, which had fallen out of favor since a peak in 2016. Nonetheless, several brokerages have noted that utilities remain more expensive by most measures than the other "bond proxy" sector, telecommunications.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

April 20, 2017 17:10 ET (21:10 GMT)