Tuesday, March 07, 2006
Two charts this morning for for enjoyment..the 10 year yield daily and the 10 year yield weekly...and both aren't pretty. We are about to restest it seems the April 04 high yield of 4.93%. Headwinds for MLPS are continuing so i am expecting lower prices again today. Copano had good earnings numbers last night (CPNO) so they may at least be the opening exception but lately earnings reports; even very good ones have not been supportive of prices. Atlas Pipeline Partners is a good example.
The energy complex is somewhat lower but not as sharply as yesterday so that might be at least one minor positive...or at least something that is less negative. No corporate developements this morning. A bunch of these companies are presenting tomorrow at an MLP conference in New York City so maybe some news might be forthcoming from one or two of these companies.
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