Utilities Tick Up As Treasury Yields Linger Around Recent Lows -- Utilities Roundup

Shares of power producers ticked up as Treasury yields remained under pressure.

The inverse correlation between utilities and Treasury yields has strengthened in recent weeks, as investors seek alternatives to historically low bond yields in the dividend-oriented stock-market sector.

Shares of some utility issues, including Invesco Solar exchange-traded fund and sustainable-energy producer NextEra Energy, are trading in line with investor sentiment about the prospects for green-energy initiatives from the Biden administration.

NextEra rose slightly Friday and was up by roughly 3% on the week.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

01-22-21 1732ET