the 10year treasury yield rose to its highest level in almost three months on friday spurred by the federal reserve’s policy update two days ago in which officials said they may soon be pulling back on their 120 billion of monthly bond buying  the rate tmubmusd10y breached 145 in new york morning trading a level not seen since july 1 it had been as low as 115 on aug 2 weighed down by uncertainty about the central bank’s tapering plans and the economic impact of covid19’s spreading delta variant  a significant portion of friday’s yield move “has to do with the fed pulling back on accommodation” by starting its tapering of bond purchases shortly and completing by mid2022 said larry milstein senior managing director of government debt trading at rw pressprich  co  the move higher in bond yields may have dented the bounce in us stocks the nasdaq composite index comp was down sharply while the dow jones industrial average djia and sp 500 index spx battled to end the week in the black