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Wednesday, June 13, 2007

Taking solace in the fact that the bonds are rallying back to 5.21 and that has brought the dow back up 100+points and the MLP index is up 2.50 points getting back most of yesterday. So 5.25% and 320 on the MLP index continue to provide support. I guess i was overbearish yesterday after that yield spike, but there is no question that every bond tick is being bought and sold.

Constellation Partners (CEP) Penn Virginia Resources (PVR) Natural Resource Partners (NRP) and Suburban Propane (SPH) leading the way up 1 point or more.

Duke Midstream (DPM) is down 95 cents as the biggest loser today.

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