Dear Chart of the Day Fan:
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Substack page.
Thanks for your interest. It’s appreciated.
Income-oriented investors might be better off with U.S. utility stocks than high-yield bonds these days. That’s because the dividend yield on the S&P 500 Utilities Index has exceeded the yield on the Bloomberg Barclays Ba High-Yield Index since December, according to data compiled by Bloomberg. The swing to utility stocks from near-investment-grade debt was the first since calculations of S&P’s industry gauge began in 1989. Friday’s yield gap favored utility shares by more than 0.4 percentage point for the first time.