TREASURIES-U.S. bond yields hit 3-month highs as Wall Street rallies

* U.S. factory output rises more than forecast in December * Hopes for end to U.S.-China trade spat boost Wall Street * U.S. consumer sentiment sags to weakest since Trump's win * U.S. financial markets closed Monday (Updates market action, adds quote) By Richard Leong NEW YORK, Jan 18 (Reuters) - U.S. Treasury yields rose to three-month highs on Friday as investors piled back into Wall Street on hopes Washington and Beijing are moving to end their trade dispute and stronger-than-expected data on manufacturing production. Bond yields were on track for a second week of increase as 10-year yields climbed further from the near one-year low set two weeks ago. The improved outlook on trade came in the aftermath of a Wall Street Journal report that a report that U.S. Treasury Secretary Steven Mnuchin was considering lifting some or all tariffs imposed on Chinese imports.

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