Utilities slide again as 10-year Treasury closes at highest level since 2007


Power lines and sunset landscape

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Shares of power producers (NYSEARCA:XLU) fell sharply Wednesday, as U.S. Treasury yields lingered at multiyear highs, diminishing demand for dividend-oriented utility stocks.

The yield on the 10-year Treasury note closed at 4.625%, its highest level since 2007.

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