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Utility PEs
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pid shift towards a rising-rate environment and have decoupled from historically predicative valuation patterns. Looking at studies of 10yr Yields v. Utility PEs, BBB Yields v. Utility PEs, and Utility Div. Yields v. Rates are the best examples of this BankofAmerica <2” 6 Top 10 US Ideas Quarterly | 03 Janua
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