(Reuters) - NEW YORK, April 5 - U.S. Treasury debt prices sank on Thursday, pushing benchmark yields to fresh six-week highs on worries that huge payrolls growth in March would reduce the chance of an imminent interest rate cut by the Federal Reserve.
Recent data, including a bigger-than-expected jump in jobless claims last week, have suggested that company hirings may be decreasing due to the fallout from the struggling housing and manufacturing sectors. This economic view would boost the case for the Fed to trim rates, which could trigger a rise in bond prices.
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