Utilities Slide as Treasury Yields Test Highs -- Utilities Roundup

AI Briefing

• – Yields on US Treasury bonds surged to their highest levels in over a decade, surpassing 4% for the first time since 2011.
• – The US Federal Reserve has been selling its holdings of Treasury bonds to reduce its balance sheet, which has contributed to the rise in yields.
• – The 10-year Treasury yield climbed above 4.1% as investors become increasingly concerned about inflation and interest rates.