i'm not quite sure what you're asking about ...
the 2nd mooment of inertia of a pipe is easy enough (look in any structures book, something like pi*r^3*t).
but i think you're more interested in the deflection of the end of the vertical pipe. Consider this pipe to be cantilevered off the horizontal pipe, which is subject to deflection to support the load applied to the vertical pipe (it sees a moment applied, this will cause the base to rotate, the axis of the undeformed vertical pipe will be normal to the deflected horizontal pipe) and the vertical pipe deflects under bending from the applied load.