ON TRACK FOR A PAYOUT!

Not pretty in the overall market this morning with the employment numbers being nothing short of horrible. Anyone who lives and works in the real world should not be surprised. This is driving the yield down to 2.85% and the 2 year is approaching 0.50% which would be a record low. Stock futures are down a little less than a hundred points. However the drive to yield will probably drive money to mlps as has been the case lately. There are some news drivers for MLPS this morning and the biggest one is Crosstex Energy (XTEX,XTXI) which posted earnings and distribution guidance. The company indicates its on track to resume the distribution next quarter at .25 on the LP and .07 on the common. Stock is up in the premarket.

Earnings and a distribution hike from Buckeye Partners (BPL) which makes it 25 payout hikes in a row. Stock is already trading near new all time highs. Cheniere Energy (CQP) also has earnings this morning and tells us that the distribution will be 1.70 this year. Nothing encouraging as far as the distribution goes from Constellation Energy Partners (CEP) which says in its earnings report that no distribution coming at least through the 4th quarter.

The open is approaching as rates drop, the dollar is being sold off hard, and energy is lower.