April 19, 2016
Deutsche Bank Has 4 Utility Stocks to Buy as Interest Rates Stay Low
Everybody was positive as the Federal Reserve began raising interest rates back in December that the rates would slowly but surely start to rise. The fact of the matter is the yield on the 30-year Treasury bond is the same as it was this time last year, and demand for our government debt has skyrocketed as central banks around the world have pushed their government debt to historic lows via quantitative easing measures of their own.
With the Dow Jones utility index trading right near all-time highs, many investors are somewhat nervous about owning the sector. In a new research report, Deutsche Bank remains bullish on utilities, especially those operating in Texas as the public utility commission recently decided against opening a generic tax proceeding. The analyst feels it lifts the overhang that has been over three top stocks of the four rated Buy in the report.