MORE EARNINGS NEWS!

We're rounding off the end of the ex distribution cycle and we have more earnings news this morning on a few mlps. Spectra Energy (SEP) reports earnings and says they are well on their way to there distributable cash flow target for this year. Targa Natural Resouces (NGLS) says its DCF ratio is 1.4 and calls its results strong. Genesis Energy (GEL) says its DCF was a healthy 1.5. And Suburban Propane (SPH) had another good quarter and ups the payout by half a cent! I love those .005 distribution hikes.

Markets going to start lower on jobless claims and a few other things plus we are a little overbought here anyway. MLPS may catch a bid with the 10 year yield down to 2.92 right from 2.95% and remember that lately we have joined at the hip here with moves in interest rates. So we may see a run to yield again today after we get through the opening noise.