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Utility Shares Slip as Treasury Yields Rebound

Utility shares edged lower as Treasury yields rebounded, while investors weighed whether a possible slowdown in artificial-intelligence infrastructure spending could hurt power producers. Constellation Energy also surrendered some of the gains it had made after reporting earnings.

By Money Talk·November 11, 2026·2 min read·256 reads

Utility Shares Slip as Treasury Yields Rebound

J.D. Joyce, president of Houston financial advisory Joyce Wealth Management, said concern that Texas Governor-elect Gina Hinojosa would halt data-center development could be misplaced. Hinojosa, he said, “at least at the Texas level has said she wants to be pro-business” and has not called for a moratorium on the facilities.

Joyce added that even if development in some states were restricted, other states would welcome the projects if political conditions changed. He said he believed the concern about Texas was inaccurate.

Utility Shares Slip as Treasury Yields Rebound

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