Utility Stocks Stagnate as Treasury Yields Climb

The rotation into defensive assets failed to provide a meaningful lift for power producers, as the immediate reaction to the Fed's policy shift favored broader market volatility over sector-specific stability. Gains were effectively capped by the bond market, where yields trended upward in response to the central bank's decision to tighten monetary policy. This shift serves as a stark reminder of the inverse relationship between interest rates and utility valuations, as higher yields diminish the relative appeal of traditional, income-focused power stocks.