U.S. Treasuries Drop as Economic Data, Supreme Court Tariff Decision Weigh

U.S. Treasuries moved modestly lower on February 20, 2026, following the release of key economic data and a Supreme Court decision regarding tariffs. Bond yields edged higher as prices dipped in response to the dual catalysts. The Supreme Court's ruling on tariff implementation has introduced uncertainty regarding future trade policy and inflationary pressures. Simultaneously, the latest economic indicators prompted investors to reassess the outlook for Federal Reserve interest rate adjustments, driving the market reaction.