Looking at these charts of the 10 year...you think we're headed to 5% or will the April 04 high of 4.93 intra-day hold? Chart action would bet on an upside breakout to a 5 handle. And what impact will this have on MLPS. So far this year as factiods has pointed out...most MLPS have positive returns without including distributions. So maybe its all priced in already and their behavior would indicate that we're "one and done" on rate hikes..and either this was the last one or we have one more coming in May and thats it. On the other hand...inflationary pressures are there...Gold today is up sharply..Oil is at 66 bucks a barrel. That's what makes a trade!

Still nothing on the news front this morning.