RE:Chris Blumas - BNN- Don't buyIf go back to July 2020 for NPI and BEP.UN/BIP.UN all dropped from their highs and now are below their July 2020 levels. Maybe BEP less so, but same boat, just tilted.
Back in July 2020 BEPC opened at $37.41, now $31.16. So roughly matches NPI.
Every company is being treated as interest sensitive. Painted by the same brush.
Fortis also touching levels of July 2020.
For all of the above companies it's like being back in 2020. Combo of green premium being squeezed and higher interest rates.
US 10 year treasury notes now at 4.9%. I think 5% is a psychological level. Get abpve that, and watch out below.