Hard for MLPS to ignore the collapse in energy and a reversal in the 10 year yield which then reversed again by days end to close at 4.66% Nonetheless it was a down day with the index off 1 and 2/3rds points. Markwest (MWP) cut its losses to 1 point by days end. Natural Resource Partners went from being up 1 to down 1 by days end but off the lows. Hiland LP (HLND), Teppco (TPP), and Martin Midstream (MMLP) were fractional winners.

Ferrellgas (FGP) buys Puget Sound Propane announced before the close. On the lookout for after market news but none so far. Energy Transfer Partners (ETE) and Energy Transfer Equity (ETE) both went ex-distribution today.