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Tuesday, February 12, 2008

I often check out the message boards of various mlps in the mlp universe and i stumbled onto this post on the Atlas Pipeline Partners (APL) board. I think he makes a valid point. Money market 30 day yields are about to collapse to a 2 handle. So as he puts it. The great chase for yield is about to begin. And we know just how wide those yield spreads have gotten.

Closed today with losses under 1 point on the MLP index. Coal mlps took the biggest hit. We'll see what tomorrow brings.

2 comments:

Anonymous said...

Joe,

Posters on this blog have been saying the same thing for several months now. Why does a guy on the yahoo board get more respect than we do?

Anonymous said...

Everyone knows CD rates are heading lower and have known for months. If the calculus was that easy everyone would be buying MLP's. Obviously MLP's are not where the yield chase is happening. MLP's are an orphan asset class right now.