Utilities Lower as Treasury Yields Rise -- Utilities Roundup
Shares of power-plant operators continued their decline as the yield on the two-year Treasury note hit its highest level since the financial crisis.
A weak fourth quarter has carried into 2018 as investors flee a sector considered to be the most sensitive to rising rate expectations, which are reflected in the higher Treasury yields.
Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
January 12, 2018 16:41 ET (21:41 GMT)