US 10-Year Yield Rises as Supreme Court Voids Trump Tariffs

2026-02-20 15:25 By Joana Ferreira 1 min. read

The US 10-year Treasury note yield rose to 4.1% Friday after the US Supreme Court struck down President Donald Trump’s broad emergency tariffs.

The court ruled that the International Emergency Economic Powers Act cannot be used to impose sweeping duties without congressional approval, raising questions over whether and how quickly collected tariffs might be refunded.

Markets also weighed a fresh batch of economic data and its implications for Fed policy.

The US economy grew at an annualized 1.4% in Q4, falling short of 3% forecasts, raising concerns about momentum amid tariffs and the government shutdown.

Meanwhile, December PCE data showed headline and core inflation accelerating more than expected, while the S&P Global US Composite PMI indicated the slowest expansion in private-sector activity in ten months.

Minutes from the latest FOMC meeting highlighted divisions among policymakers, with some signaling that further rate hikes may be needed if inflation remains persistent.



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