TSX:NPI - Post Discussion
Post by
BayWall on Sep 27, 2023 8:03pm
Negative Correlation with Treasury Yields
Shares of power producers (NYSEARCA:XLU) fell sharply Wednesday, as U.S. Treasury yields lingered at multiyear highs, diminishing demand for dividend-oriented utility stocks.
The yield on the 10-year Treasury note closed at 4.625%, its highest level since 2007. (Seeking Alpha)
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