Utilities Higher As Treasury Rates Decline - Utilities Roundup
Shares of power-plant operators rose as Treasury rates declined. Treasurys compete with utilities for the dollars of fixed-income investors, who prefer utility stocks when Treasury rates are meager. China General Nuclear Power Group's second-quarter power generation picked up markedly from the first quarter, thanks, in part, to a new facility going into action.
-Rob Curran, [email protected]