Say goodbye to Friday's gains. Senator Schumer sending bond yields to new lows...down to 3.80% on the 10 year as Countrywide is possibly put into bankruptcy play. Down 150 on the dow. Not pretty.
BTW 275 is where a new 52 week low sits for the mlp index. Some mlps are already there.
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- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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2 comments:
Not to be dense, but aren't falling bond yields good for MLPs in the long run? Everything is correlated in a falling market, but even in the short run I'd think a 6-7% yield is more attractive than 3.9...
you are not dense...yes falling yields make mlps more attractive particularly as the spreads widen to 300 basis points which in the past has always been a good place to buy em. Right now falling yields are tied to market confidence or lack there-of which is making holding anything equity a dicey proposition. Still at some point value will kick in.
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