By Scott Murdoch and Alun John SYDNEY/LONDON (Reuters) -Government bond yields rose and shares dipped a touch on Tuesday, as markets reduced their bets on central bank rate cuts coming as soon as March, and oil bounced back from sharp declines the previous day. The 10-year benchmark U.S. Treasury yield was up four basis points (bps) at 4.04% and sharply above a five-month low of 3.783% hit on Dec. 27. [US/] Germany’s 10-year bund yield likewise was up 4 bps at 2.19%, having nudged below 1.9% between Christmas and New Year. [GVD/EUR] This year’s jump in benchmark U.S. yield is less dramatic in …