TREASURIES-US yields climb after strong economic data

U.S. Treasury yields rose on Thursday after the release of strong economic data, including a report showing a drop in new claims for unemployment benefits, added to questions about the timing of expected interest rate cuts this year. The release of recent data, including reports showing inflation is not falling as fast as had been hoped by Fed policymakers, has raised questions among traders about the widely expected June start to the U.S. central bank's rate cuts. Fed Chair Jerome Powell said on Wednesday that despite recent inflation data coming in hotter than expected, the numbers "haven't really changed the overall story, which is that of inflation moving down gradually, on a somewhat bumpy road."