Shares of power producers rose as traders hedged their bets on the outlook for Treasury yields.
Treasury yields were mixed Monday after a sharp retreat last week. The utility sector has developed an inverse correlation with government bond yields are in retreat.
Utility plants in the U.S. burned 16% more coal-fired electricity in December 2020 and January 2021 than during the same months a year earlier, according to the Energy Information Administration, which cited increases in the price of natural gas as the underlying cause.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-21-21 1736ET
