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Friday, June 01, 2007

WILL THE 10 YEAR BREAKOUT ABOVE 4.90% AND WILL THE MLP RALLY STALL OUT?

The headline is the big question today because in my view a decisive move above 4.90% will put pressure on mlp prices. The rally off the 319 low on the MLP index has been impressive and the chart look would imply at least a challenge to the 336 high. 8:30 AM and the employment numbers loom large.

No corporate news that i could find this morning and no upgrades or downgrades. I am working this morning but i will update around mid morning.

1 comment:

Anonymous said...

UCLP upgraded by AG Edwards today. It was trading as low as 32.61 just a couple of days ago. Really bummed I missed that one.