Okay so this one is easy. The answer to the question about MLPs holding their ground is no. The index is down 4 and change. And only 2 stocks are up and barely. Alliance Holdings (AHGP) and US Shipping (USS). Everything else is down. Linn Energy (LINE), Nustar Holdings (NSH), Suburban Propane (SPH) Inergy LP(NRGY), Williams Partners (WPZ), Terra Nitrogen (TNH) and Sunoco Logistics(SXL) all down a point or more. And we have large fractional losses in Nustar (NS) Regency (RGNC) Oneok LP (OKS), Duke Midstream (DPM) and Calumet (CLMT).

Breitburn (BBEP) is creeping back up to the flatline but who knows what that means if anything. The MLP index is at the lows of the day now down 4.42. The 10 year yield hit 5.099% before backing off from there. Dow dropped 100 points fairly quickly as rates spiked this morning.

Energy is higher today across the board but today its all about yield.