Dollar, bond yields rise on robust U.S. jobs data

By Herbert Lash NEW YORK (Reuters) - The dollar and U.S. government debt yields jumped on Friday as a strong American labour market report raised expectations that the Federal Reserve will increase interest rates by mid-year. Wall Street initially rose and European equities hit a seven-year high on the Labor Department report that showed solid U.S. job growth, with wages rebounding strongly. U.S. Treasury yields rose and the yield curve flattened as traders increased bets the Fed will raise rate