So far the rise in rates is not causing mlps to fall apart. In fact the index is up 4 points this afternoon and back over 400 as it is being led by Kinder Morgan (KMP) and Enterprise (EPD) showing strong gains. Those 2 make up a large chunk of the index. Nustar (NS) Atlas (ATLS) and Sunoco Logistics (SXL) are all 1 point plus gainers on the day. And most mlps are up major fractions.

Dow up 33, S&P up 9 and Apple is at 596 since Apple appears to be in a world all its own!