Chart Tracker

Utilities Lag as Bonds Outshine, Market Eyes Growth

By Max Weldon

4/4, 01:26 EDT
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  • The S&P 500 Utility Index has underperformed significantly compared to other sectors since the rally began in October 2022, trailing the overall index by a substantial margin.
  • The performance of utilities has been negatively impacted by rising bond yields, which have made the traditionally high-dividend utility stocks less attractive compared to bonds, especially as the yield on the two-year Treasury now matches that of utilities.