Free Trial

### Sooo...re: House tax bill vote......>

MARKET TALK
MARKET TALK: ### Sooo...re: House tax bill vote today. White House officials
says they have the votes to pass. Don't know what latest straw poll count is,
but 5 reps just said they wouldn't vote for it. Up to 22 out of 240 GOP members
can vote no and it will move on, 23 and no go. FTN's Jim Vogel said "if tax bill
is in trouble, the pressure on weaker E&P energy producers is reduced, possibly
helping along with better equity tone." Rebound in HYG Ishares high-yield bond
ETF, a canary in a coal mine for equities, is rebounding sharply. Another desk
is confident the House "will squeak this through" while the Senate is another
matter, "linking health care with tax bill is a big mistake."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.