Sector Review

Sector movers: Utilities and Electricity shares fall as bond yields grind higher

By Alexander Bueso

Date: Thursday 30 May 2024

(Sharecast News) - Interest rate sensitive Utilities and Electricity shares were knocked lower on Wednesday by a renewed rise in longer-term government bond yields on either side of the Atlantic.
Pushing yields higher were remarks the day before from Minneapolis Fed chief Neel Kashkari, who pointed out that as far as...

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