I also wonder if this selloff doesn't have something to do with triple witching this Friday. Just reviewed closings of many stocks in many sectors and actually mlps got off lighter than most. Wonder will this go on until Friday? Ugh
Look at the charts for the MLP's approximately 6 weeks before the distribution date in every quarter for the past 2 years. March 15, June 15, September 15 and December 15. They normally drop right before those dates and then start a nice rise until the distribution date.
I would have to perform a regression anlaysis to test you theory and link between TLT and the MLPs, but I just don't see it in the charts.
Please provide more supporting evidience or even a theory. I can't tell you how many times I have tried to correlate the MLPs with NG, Oil, etc. Nothing works. Yesterday, we simply had a sell off. Today, we will be a different story, or at least you would hope so.