Jim Cramer Says Enterprise Products Partners (EPD) Is Weak Because of the 30-Year Yield

Enterprise Products Partners L.P. (NYSE:EPD) traded at around $37 on October 7, down 0.94% on the day and 17.69% higher over twelve months. A caller on the October 6 episode of Mad Money asked Jim Cramer why the units had lagged despite a 13-times multiple and a 6% yield. Cramer blamed the bond market, saying the 30-year was heading toward 6% or possibly six and a quarter. READ ALSO: Costco (COST) vs Walmart (WMT): Which is a Better Stock to Buy?Jim Cramer Says Enterprise Products Partners (EPD) Is Weak Because of the 30-Year Yield The Explanation Is Arithmetic, Not Sentiment: Enterprise Products Partners yields 5.97% on a distribution rate of $2.21.