Friday, February 24, 2017

Utility stocks, Treasuries going their separate ways

Remember how U.S. utility stocks and bond yields were joined at the hip? Not anymore. The S&P 500 Utilities Index rose more than 10 percent from a low on Nov. 14 through Thursday, a period when 10-year Treasury notes languished near post-election lows. The industry gauge is likely to challenge a record set in July, Ralph Acampora, a technical-analysis pioneer and an instructor at the New York Institute of Finance, wrote in a Twitter post Thursday.

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