Morgan Stanley’s Wilson is “yet another voice calling for a potential turn in the consumer-staples sector, and he also upgraded the utility sector to overweight today, citing his expectation on peak 10-year Treasury yields and improving relative earnings breadth,” according to Barron’s.

No sector is as negatively correlated to rising interest rates as utilities, meaning the longer the Fed resists raising interest rates, the longer high-yielding utilities stocks and ETFs remain compelling destinations for yield-starved investors.

Year-to-date, investors have pulled $384 million from XLU.

For more information on the utilities sector, visit our utilities category.