The Morning Bell — April 20, 2026
Today’s Briefing
Energy Shock Reality Check: Markets Brace for Another Inflation Wave
The Morning Bell
The market is waking up to an uncomfortable truth: the Fed’s inflation victory lap was premature. With WTI crude holding above $110 and the Strait of Hormuz still sealed shut, bond markets are pricing in a reality that equity investors haven’t fully
Treasury Rates Edge Higher as Government Borrowing Costs Creep Up
Data Wire
The average rate on Treasury bonds ticked up to 3.39% in March, continuing a slow but steady climb that’s now pushed government borrowing costs 3.5% higher than a year ago.
Treasury Rates Keep Climbing — And the Government’s Interest Bill Is Starting to Bite
Data Wire
The average rate on Treasury notes hit 3.21% in March, up from 3.19% the month prior and 6.8% higher than a year ago. That might sound like a small move, but it represents six straight months of risin
Treasury Bills Hit Six-Month Low as Government Borrowing Costs Keep Falling
Data Wire
The government’s borrowing tab just got a little cheaper. Treasury bill rates dropped to 3.70% in March, down from 3.72% in February and marking the lowest level since September 2025. That’s a 14.2% d
New reports drop throughout the day as economic data is released.
ON1010 provides economic education for investors. Nothing in this briefing constitutes investment advice. Always consult a qualified financial advisor before making investment decisions.
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