Utilities Down On Rate Views - Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators declined amid expectations for rising interest rates. Comments from Bank of England officials at a central-banking conference spurred bets that the U.K. would soon boost rates. The European Central Bank, BoE and Federal Reserve appear determined to put an end to the near-decade of record low interest rates worldwide. That could sting utility stocks, which became popular as an alternative to sovereign bonds among fixed-income investors during this time.

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-Rob Curran, rob.curran@dowjones.com

Shares of power-plant operators declined amid expectations for rising interest rates. Comments from Bank of England officials at a central-banking conference spurred bets that the U.K. would soon boost rates. The European Central Bank, BoE and Federal Reserve appear determined to put an end to the near-decade of record low interest rates worldwide. That could sting utility stocks, which became popular as an alternative to sovereign bonds among fixed-income investors during this time.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

June 28, 2017 17:01 ET (21:01 GMT)