MBS RECAP: Just When You Thought it Was Over


Posted To: MBS Commentary

Just when you thought you'd seen the last of the healthcare bill drama , it comes roaring back. Well, at least it felt like a roar. In retrospect, a 4.5bp increase in 10yr yields 1 day after hitting the lowest levels in more than a month isn't exactly traumatic, but it certainly wasn't pleasant either. Earlier in the day, unnamed sources were cited as saying the House republicans were discussing ways to revive the repeal and replacement of the Affordable Care Act. Roughly 1 hour later, Speaker Ryan confirmed that healthcare reform remains a priority that the House wants to "get right." Suddenly, markets found themselves once-again able to believe in the narrative of sweeping fiscal reforms. The icing on the cake was a series of comments out of the White House saying that…(read more)

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