Shares of power producers rallied as traders rotated back into the sector due to a down-tick in Treasury yields.
Yields on the policy-sensitive two-year note have retreated significantly since the Federal Reserve held rates steady and Chairman Kevin Warsh gave a relatively dovish take on developments in the U.S. economy.
For much of 2026, fixed-income investors have sold out of the dividend-oriented utilities sector, chasing rising yields in the safer Treasury market.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 29, 2026 18:15 ET (22:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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