RATES SOARING, MLPS SELLING!
Again sorry for the late first post but it doesn't seem that i missed any upside. The MLP index is now bouncing slightly off the lows of the day at 320.06 and most MLPS are down although the losses are heavier in the bigger cap mlps than the small ones. Kinder Morgan is down nearly 1 point among the losers. Martin Midstream is down 1. So is Suburban Propane (SPH) Legacy (LGCY) and Markwest (MWP)>
Hiland LP (HLND) is fractionally higher as they have finally found their ceo so that uncertainty disappears. Universal Compression (UCLP) gets a buy nod from one of the brokerages...thanks to the poster who put it in the comments section. Copano (CPNO)got a buy nod from UBS but that stock moved yesterday on that news and its down a touch today.
10 year rates hit 5.23 but have since backed off to 5.20 which has turned the dow industrials around to a 4 point gain. We'll see if this spreads.
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