10-year Treasury yield rises slightly amid delta variant uncertainty and Fed taper discussion

U.S. Treasury yields rose slightly on Friday, amid continued uncertainty about the spread of the delta variant and discussion from the Fed of tapering bond purchases.

The yield on the benchmark 10-year Treasury note rose one basis point to 1.252% at 12:00 p.m. ET. The yield on the 30-year Treasury bond dipped less than a basis point to 1.871%. Yields move inversely to prices.

Treasury yields ebbed lower all week, despite the latest meeting minutes from the Federal Reserve, released Wednesday, showing that central bankers were planning to taper bond purchases before the end of the year.

In addition, concerns about the spread of the delta variant continued to weigh on sentiment.

There are no major economic data releases, or bond auctions, scheduled for Friday.