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, firstname.lastname@example.org
(END) Dow Jones Newswires
April 20, 2017 17:10 ET (21:10 GMT)