Many finance folks are familiar with the rule-of-thumb that utilities tend to trade like bonds.

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Separately comes a report that municipal bonds backed by water utilities may also be heading toward a crisis due to stress on water tables around the nation.

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So if you are seeking income, and relying on bonds, you might consider switching into utilities.

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Fixed income opportunities in utilities have also been tremendous, as shrinking risk premiums make bonds, preferreds and convertibles more attractive.

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