Rising interest rates on the long side are beginning to take their toll. The mlp index is down over 5 points with the overall market basically flat. Buckeye Partners (BPL) Nustar (NS) Sunoco (SXL) Enterprise (EPD) and Oneok (OKS) all down a point to a point and half..and we have a slew of mlps showing fractional losses. Just 5 mlps are up right now and those are only gaining a few pennies.

Watch the tape this afternoon. The 30 year is at 4.58% and the 10 year is at 3.48%. The wall for the 10 year is 3.50% and i think if it pierces this level we could see market losses pick up steam as the afternoon wears on. And if rates are rising, look for more stock for sale in MLP land.