*HSBC's early report on China's factory sector next in focus. SYDNEY, May 23- The dollar hovered at a near three-year high against a basket of major currencies in Asia on Thursday, having risen broadly as Treasury yields jumped on the prospect that the Federal Reserve might scale back its stimulus programme this year.
NEW YORK, May 22- U.S. Treasury yields on the benchmark 10- year note rose above the key two percent level on Wednesday, the highest level in two months, as Federal Reserve Chairman Ben Bernanke added to bond investor fears that the U.S. central bank might slow its bond purchases later this year if the economy improves further.
*Fed buys up to $1.75 bln in long-dated Treasuries. NEW YORK, May 22- Treasury debt prices fell on Wednesday with benchmark yields briefly rising above 2 percent as Federal Reserve Chairman Ben Bernanke kept alive market worries that the U.S. central bank might slow its bond purchases later this year if the economy improves further.
*Investors to focus on Bernanke's remarks before Congress. NEW YORK, May 22- U.S. Treasuries prices were little changed on Wednesday as investors awaited possible hints from Federal Reserve Chairman Ben Bernanke on whether the U.S. central bank might slow its purchases of bonds this year.
Fed purchases $3.31 bln medium-term government debt. NEW YORK, May 21- U.S. Louis Fed President James Bullard took a more dovish tone than he has previously in a speech in Frankfurt, saying that the U.S. recovery has been disappointing and that he can not see a good case for tapering unless inflation increases.
NEW YORK, May 21- U.S. Benchmark yields edged up, flirting with 2 percent, which was their highest level since mid-March, after Wall Street stocks touched new highs and nicked the appeal of low-yielding U.S. government debt. There is no reason to bid it before Bernanke, "said Eric Green, global head of rates and currency research and strategy at TD Securities in New York.