Utilities Down As Treasury Yields Rise -- Utilities Roundup

Shares of power producers ticked down as Treasury yields rose ahead of President-elect Joe Biden's expected unveiling of a roughly $1.9 trillion economic stimulus bill.

Utilities have once more developed a strong negative correlation to Treasury yields, as the sector is viewed as a "bond proxy," attracting the same fixed-income investors as bond markets.

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(END) Dow Jones Newswires

01-14-21 1736ET