While this sudden influx of capital offers a reprieve for producers, the broader sector remains in negative territory for the year. The SPDR Select Sector Utilities exchange-traded fund, a primary benchmark for the S&P 500 industry group, is still trailing its year-to-date starting point despite the recent surge in momentum.
In section Market Quotes
Utilities Rally as Bond Yields Retreat
A sharp decline in Treasury yields has triggered a defensive rotation into the power sector, providing a rare lift for dividend-focused utility stocks. This week's drop in yields, marking one of the steepest single-week retreats in the past year, successfully eased the interest-rate pressure that has long weighed on the industry.
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