By Michael Laitkep
After spending some time on the fixed-income side of things, I know talking too much about debt can make people's eyes glaze over. But with interest rates rising, it's important to understand how MLPs might be affected. As we discussed in our recent white paper on interest rates and MLP performance, rising interest rates can be a headwind for MLPs in two ways: 1) bond investments become more attractive, which heightens competition for investor dollars among yield vehicles, and 2) borrowing costs rise. This piece focuses on the second impact through the