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Monday, March 06, 2006

Might as well say the only positive thing i can think of. At least they haven't taken out the december lows on these things but the whole group is down today so thats not saying much really. The market focus is the breakout of the yield on the 10 year to a 52 week high and the April 04 high is 4.93 which looks like we'll at least test that. But the headwinds are blowing hard. Markwest Energy (MWE) is holding unchanged and Energy Transfer (ETP) is down just a few pennies. Otherwise Hiland LP is down 1..Sunoco Logistics is also down 1. Down major fractions Kinder Morgan, Atlas Pipeline, Plains All American, Pacific Energy, Northern Borders Holly Partners, Enbridge and Amerigas. There is no corporate news...just rising rates and falling energy prices.

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