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U.S. 10-year yield hits highest since late November

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U.S. two-year yields touch new two-week highs

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JOLTS report shows higher job openings in February

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U.S. factory orders rise

(Adds new comment, U.S. data, bullets, byline, updates prices)

By Gertrude Chavez-Dreyfuss

NEW YORK, April 2 (Reuters) -

Most U.S. Treasury yields rose to multi-month highs on

Tuesday, as solid economic data continued to add to expectations

that the Federal Reserve could delay cutting interest rates to

the July meeting or later.

The benchmark 10-year yield climbed to 4.405%

, its strongest level since late November. It was

last up 5 basis points (bps) at 4.379%. The U.S. five-year,

seven year, and 30-year yields also hit their highest since late

November.

On the shorter end of the curve, U.S. two-year yields

slipped 1.5 bps to 4.703%, after earlier touching a fresh

two-week high of 4.733%.

"The pendulum of sentiment may be shifting towards the

hawkish direction, but there is still a lot of room for things

to change for the next couple of weeks," said Vail Hartman, U.S.

rates strategist at BMO in New York.

"We have seen the market walk back the June rate cut

closer to a coin toss at this point," he added.

Treasury yields extended gains after data showed U.S. job

openings held steady at higher levels in February, while the

number of people quitting their jobs rose marginally. Job

openings, a measure of labor demand, edged up 8,000 to 8.756

million on the last day of February, according to the monthly

Job Openings and Labor Turnover Survey, or JOLTS report.

The number of workers resigning from their jobs, likely

for greener pastures, increased 38,000 to 3.484 million in

February.

A separate report showed

new orders

for U.S.-manufactured goods grew more than expected in

February, boosted by demand for machinery and commercial

aircraft. Factory orders increased 1.4% after dropping 3.8% in

January, data showed, with economists polled by Reuters

forecasting orders to rebound 1.0%. They rose 1.0% year-on-year

in February.

Tuesday's reports followed a U.S. manufacturing survey

on Monday which showed that the sector

grew for the first time in 1-1/2 years

in March, as production rebounded sharply and new orders

increased.

Following Tuesday's data, the U.S. rate futures market

has priced in a 59% chance of a rate cut in June, down from

about 70% a week ago, according to the CME's FedWatch tool.

The market has also pared back the number of rate cuts

to about two this year, from three a few weeks ago, according to

LSEG's rate probability app.