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Utility Stocks Fell, Treasury Yields Rose on September 19

Vincent Kruger
Utility Stocks Fell, Treasury Yields Rose on September 19

The utilities sector—one of the most vulnerable sectors to interest rates—fell more than 2% after the benchmark Treasury yields reached a four-month high on September 19. The ten-year Treasury yield has been very strong. The ten-year Treasury yield has risen from 2.86% to 3.07% in September. Broader markets continued to climb and rose 0.1% on September 19.