Low Rates Make Upstream MLPs Attractive

With the 10-year treasury yield coming down from its 2013 high of 3% in September to 2.6% today, dividend paying "bond equivalent" stocks have seen some relief. One exception has been upstream master limited partnerships, or MLPs, many of which have seen only limited upside from the recovery in bonds.

Low rates are good for upstream MLPs on two levels. Because upstream MLPs distribute nearly all of their respective free cash flow, these names usually come with high yields. These partnerships tend to be income-oriented investments and therefore must compete with bonds. Low rates make these names more attractive....429 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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