Power producers hit by higher yields

  • Shares of power producers fell as Treasury yields hit 6-week highs
  • SPDR Select Sector Utilities ETF down 6% for the year
  • Global demand for electricity expected to grow, but emissions to decline

Shares of power producers took a hit as Treasury yields closed at six-week highs. The SPDR Select Sector Utilities exchange-traded fund, which tracks the utilities industry group of the S&P 500, is down about 6% for the year. Despite global demand for electricity projected to grow over the next three years, the International Energy Agency forecasts that record power generation from renewables and nuclear will cover the surge, leading to a decline in emissions.

Public Companies:
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides factual information about the decline in shares of power producers and the performance of the SPDR Select Sector Utilities exchange-traded fund. It also mentions the forecast from the International Energy Agency about global demand for electricity and the expected decline in emissions. However, the article lacks specific details and context about the reasons for the decline in shares and the forecast from the International Energy Agency. It would benefit from providing more in-depth analysis and sources to support the information presented.

Noise Level: 8
Justification: The article provides some relevant information about the decline in shares of power producers and the growth of global demand for electricity. However, it lacks depth and analysis on the reasons behind the decline and the implications of the forecast from the International Energy Agency. It also does not provide any evidence or data to support its claims. Overall, the article contains some noise and lacks scientific rigor and actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: Shares of power producers

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the impact of Treasury yields on the shares of power producers, indicating a financial relevance. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com