Shares of power producers ticked up as Treasury yields finished mixed in the wake of the Federal Reserve policy statement.
Utilities were among the leading sectors in 2024, and are gaining ground in 2025, as traders wary of uncertainty seek out the defensive sector. A rebound in Treasury yields could jeopardize that streak, however.
“Immigration policy, reshoring of manufacturing production, and budget and deficit concerns [are] likely to drive real rates and expected inflation higher,” said Eric Teal, chief investment officer at Comerica Wealth Management.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
June 18, 2025 18:06 ET (22:06 GMT)
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