1608 GMT - Yields on eurozone and U.K. government bonds stay lower after the U.S. Supreme Court struck down President Trump's use of emergency powers to impose trade tariffs, slightly outperforming U.S. Treasurys. Analysts say market reactions are limited due to expectations that tariffs will continue. EToro's Lale Akoner says tariffs will likely be "recalibrated, not eliminated." The decision "removes one legal channel but does not signal the end of the tariff regime," she says, adding that markets were already pricing in a restructuring of trade policy. Ten-year Bund yields fall 0.7 basis points to 2.738%; 10-year gilt yields fall 1.0 basis point to 4.360%. Ten-year Treasury yields rise 1.7 basis points to 4.092%, Tradeweb data show. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

February 20, 2026 11:08 ET (16:08 GMT)

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