U.S. Treasury Launches $200 Billion MBS Program to Stabilize Mortgage Rates
- New Purchase Program: U.S. Treasury Secretary Scott Bessent announced a monthly purchase of approximately $15 billion in mortgage-backed securities (MBS) to offset the Federal Reserve's balance sheet reduction, with a total plan to purchase $200 billion in MBS, aiming to stabilize mortgage rates and improve housing affordability.
- Market Impact: This initiative seeks to match the Fed's monthly $15 billion bond sales, thereby maintaining demand for these securities, which will lower mortgage rates and enhance housing market affordability, alleviating pressures from quantitative tightening.
- Historical Context: In 2008, the U.S. Treasury's MBS purchase program yielded a $25 billion profit for taxpayers, demonstrating the effectiveness of large-scale MBS interventions during financial crises and providing historical context for the current initiative.
- Global Implications: While the primary focus is on the housing market, this strategy may indirectly influence global financial conditions, impacting liquidity and risk sentiment, particularly with potential spillover effects on riskier assets like Bitcoin.
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Technical Analysis for EPT
Technical Sentiment Analysis for Balance (EPT) As of , Balance (EPT) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for EPT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, EPT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Balance (EPT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00157 | -0.000504 | 0.000152 | 0.00122 | 0.00188 | 0.00294 | 0.0036 |
| Fibonacci | -0.000504 | 0.000155 | 0.000562 | 0.00122 | 0.00188 | 0.00229 | 0.00294 |
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