MBS Day Ahead: Healthcare Bill Dominates Markets


Posted To: MBS Commentary

The healthcare bill is all anyone can talk about ( here's one recent article from Reuters). We rarely see such an abrupt coalescence of market focus on something that was heretofore "off the radar." There are a few potential reasons for this. First, the realization that the healthcare bill was such a priority for the administration is fairly recent. We knew Trump wanted to repeal/replace the Affordable Care Act, but we didn't know those efforts would take precedence over tax reform until late last week. This week saw rapid and constant evolution of the status of the bill, its likelihood of passage, and its implications. At first, it was a non-starter that couldn't get enough support from conservative republicans led by Mark Meadows and the "Freedom Caucus." From…(read more)

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