MLPS MOSTLY HIGHER THIS AFTERNOON...KEYING OFF 10 YEAR BOND RALLY!
The AMZ MLP INDEX is higher by 70 cents this afternoon and as the market sells off..MLPS are doing fairly well. Most are fractionally higher and the few losers are down by just a few cents. Markwest Energy (MWE) continues to lead up 50 cents. Calumet Products Partners is down 50 cents as the standout loser. Again no news or upgrades/downgrades moving prices today. We're in that window as we wait for earnings and distribution increase announcements that will come in the next few weeks. The 10 year has hit at wall at 5.25%...now at 5.12%. This should keep a floor under these today.
Lets see if the market sell-off can keep from spreading into this winning group today.
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