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Tuesday, December 07, 2010

MLP index back up over a point as the market has firmed a little here after lunch. No runaway upside today but i'm still thinking some softness in the tape in the last couple of hours. Famous last words of course. Buckeye Partners (BPL) up 1.21 as the big winner this afternoon.

Bond yields approaching 4.40 on the 30 year and 3.11 on the 10 year after a so so three year auction. If they dont show up for the next 2, we could be at 4.50 in a hurry.

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