Shares of power producers plunged as Treasury yields tested 12-month highs.
Utilities are particularly sensitive to shifts in bonds rates because they generally carry heavy debt loads and often compete with bond markets for the dollars of fixed-income investors.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 20, 2026 18:15 ET (22:15 GMT)
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