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Utilities sector ETF falls toward record losing streak as Treasury yields jump

Utilities sector ETF falls toward record losing streak as Treasury yields jump

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The SPDR Utilities Select Sector ETF XLU, -0.05% fell 0.2% in afternoon trading, putting them on track for a record losing streak and a two-month low, as a recent spike in longer-term Treasury yields made the higher-yielding sector tracker less attractive. The SPDR utilities ETF (XLU) is headed for the lowest close since July 22 and a 12th-straight decline, which would surpass the previous record for consecutive declines of 11, which ended Oct. 7, 2016.

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