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Marketplace Morning Report

Investors, Treasury bonds, and war in the Middle East

Marketplace Morning Report

Marketplace

Business, News

4.5927 Ratings

🗓️ 24 March 2026

⏱️ 6 minutes

🧾️ Download transcript

Summary

The Treasury Department is holding several government bond auctions this week. Treasury auctions can tell us a lot about the interest rates investors are demanding to be paid, which in turn can tell us about what investors expect the economy to do in the future. We'll also learn about a ban on foreign-made consumer routers. Plus, from Marketplace's "This Is Uncomfortable," should I turn my hobby into a side hustle?

Transcript

Click on a timestamp to play from that location

0:00.0

Can a hobby become a business and still be fun?

0:06.9

From Marketplace, I'm Subrey Beneshore in for David Brancaccio.

0:10.5

First, the Federal Communications Commission is banning the sale of new consumer routers made in foreign countries, citing security concerns.

0:22.9

Many of the home routers sold in the U.S.

0:27.1

come from China. Marketplaces Nancy Marshall-Genzor explains what's behind the ban.

0:32.8

Before routers can be sold in the U.S., they have to be certified by the Federal Communications Commission.

0:39.4

Consumers can still buy existing routers already approved by the FCC, but the agency says it's banning the sale of new models of foreign-made routers because a review by the White House found

0:44.7

that security gaps in routers made abroad have been exploited in the past and used in cyber attacks.

0:50.7

There are exceptions for routers given conditional approval by the Pentagon or Department

0:55.6

of Homeland Security. I'm Nancy Marshall Genser for Marketplace. The U.S. has to borrow to spend

1:02.8

the way it does. And some of that borrowing is happening this week. The Treasury is holding several

1:07.5

auctions of government bonds. Whenever the Treasury does this, it is negotiating

1:12.1

with the market on how much interest the Treasury is going to pay on those bonds. Investors

1:16.5

have to like the interest rates they're getting. And how investors feel about a particular

1:20.9

interest rate depends partly on what they think will happen to the economy and what they

1:26.6

think the Federal Reserve will do to interest rates later.

1:31.0

Marketplace's Justin Ho has more.

1:33.1

This time a month ago, bond markets were pretty calm.

1:36.1

Gila Baugh with Jenny Montgomery Scott says the expectation was that rates would trend lower.

1:41.1

This sort of underlying theme was that even if economic growth in the jobs markets remain stable-ish,

1:48.3

inflation would fall enough to permit the Fed to cut.

1:51.4

But then the president's war in Iran started. Energy prices spiked. And as a result,

...

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