THURSDAY MORNING OPENING NEWS

Very quiet this morning in MLP land. No pre-opening news and no upgrades or downgrades. We are still in this holiday week enviornment. Most MLPS are 20 cents within yesterday's close up or down...no real outstanding moves in either direction.

Not much else happening. We should be getting earnings soon from Energy Transfer Partners (ETP) and Valero LP's ipo of the GP should be priced soon. The ten year yield seems to be holding below 5.25%.