Utilities Up as Treasury Yields Slide -- Utilities Roundup

Shares of power producers rose sharply as Treasury yields retreated in the aftermath of jobs data.

The softening of wage inflation in December caused a reversal in bets on another 50-basis-point rate increase. That hastened the biggest weekly retreat for the 30-year Treasury rate since March 2020.

Dividend-seeking investors often use utility stocks as an alternative to Treasurys.

 Write to Rob Curran at [e-mail] 

(END) Dow Jones Newswires

01-06-23 1730ET