Dollar rallies alongside U.S. yields; bank stocks up

By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar hit an 11-month peak against a basket of currencies on Monday as the risk of faster U.S. inflation and wider budget deficits sent Treasury bond yields shooting higher. Both the U.S. currency and yields pared some gains in afternoon trading, but continued to point to a new reality in financial markets on expectations of more spending and less regulation when U.S. President-elect Donald Trump takes office in January. On Wall Street, the Dow In