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Tuesday, August 16, 2011

Markets are at the lows of the day. News from Europe was underwhelming and the fact that they won't sell Euro bonds leaves the US Bond Market without any real competition so rates are collapsing again. We have 2.26% on the 10 year and 3.60 on the 30 year. Im still waiting for a one handle on the 10 year. MLPS are down over 4 pts and just off the lows of the day. EV Partners (EVEP) which has been among the biggest winners recently is down nearly 3 as the days biggest loser. Most mlps are down fractions to 1 point.

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